2407 N Main St, Kannapolis, NC 28081
- Beds
- 4
- Baths
- 2
- Sqft
- 2,524
- Garage
- Yes
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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
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Canopy MLS MLS®#: 4400941 Last checked: …
