2407 N Main Street
Kannapolis, NC 28081
$450,000 Active

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.

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Basic Information
MLS#: 4400941
Price: $450,000
Square Footage: 2,524
Bedrooms: 4
Bathrooms: 2 Full
Acreage: 0.69
Year Built: 1927
Elementary School: Unspecified
Middle School: Unspecified
High School: Unspecified
Details
Waterfront/water view: No
Parking: Attached Carport,Detached Garage
HVAC: Heat Pump,Natural Gas
Main level:   Bedroom(s)
Upper level:   Bathroom-Full
Listing Courtesy Of: 10X Real Estate & Investments - team@10xmyre.com

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