2407 N Main St, Kannapolis, NC 28081

Beds
4
Baths
2
Sqft
2,524
Garage
Yes

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Listed by10X Real Estate & Investments
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Overview

Approximately 6 bedrooms / 4 bathrooms
2,524 sq. ft. main house
1,000 sq. ft. permitted ADU with excellent conversion potential
Main House
The main house is very close to being operational as a co-living property. The remaining work is fairly minimal and primarily consists of:

Adding one wall and doorway to create an additional bedroom
Closing off the French doors to provide privacy for another bedroom
Furnishing the home and completing a few final punch-list items
Once completed, the main house would function as an 8-bedroom home, including two ensuite bedrooms, which could command premium rental rates.

ADU Opportunity
The property also includes a permitted ~1,000 sq. ft. ADU, creating additional upside for an investor.

Potential configurations include:

Phase 1: 3 bedrooms / 2 bathrooms
Phase 2: Potential expansion to 6 bedrooms / 2 bathrooms, depending on the final design.


Once the ADU conversion is complete, the property has the potential to generate approximately $11,300 per month in gross rental income across all 14 bedrooms.

This property has strong appeal for investors looking for a co-living opportunity, especially since much of the main house is already complete while still offering significant upside through the ADU conversion.

Location

Full feature list

Basic info

Property type
House
Number of stories
2
Number of bedrooms
4
Number of bathrooms
2
Square feet
2,524
Lot size (acres)
0.69
Year built
1927

Interior features

Laundry
Main Level, Laundry Room

Garage and parking

Garage parking spaces
2

Utilities

Heating
Natural Gas, Heat Pump
Cooling
Central Air, Ceiling Fans
Sewer
Public Sewer
Water
Public Water

Public schools

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Sourced from: Canopy MLS MLS®#: 4400941 Last checked:

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