2407 N Main ST Kannapolis, NC 28081
4 Beds
2 Baths
2,524 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 2,524 sqft
Price per Sqft $178
MLS Listing ID 4400941
Bedrooms 4
Full Baths 2
Abv Grd Liv Area 2,524
Year Built 1927
Lot Size 0.690 Acres
Acres 0.69
Property Sub-Type Single Family Residence
Property Description
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
State NC
County Rowan
Zoning RV
Rooms
Main Level Bedrooms 1
Interior
Heating Heat Pump, Natural Gas
Cooling Ceiling Fan(s), Central Air
Flooring Carpet, Laminate, Tile
Fireplace false
Appliance None
Laundry Laundry Room, Main Level
Exterior
Garage Spaces 2.0
Carport Spaces 1
Roof Type Architectural Shingle
Street Surface Gravel,Concrete
Garage true
Building
Lot Description Cleared, Level, Wooded
Dwelling Type Site Built
Foundation Crawl Space
Sewer Public Sewer
Water City
Level or Stories Two
Structure Type Aluminum,Vinyl
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Senior Community false
Special Listing Condition None