2407 Main Street
Kannapolis, NC 28081
$430,000
Price Reduced · $20K- TypeSingle Family
- Built1927
- $ / sq ft$170
- On site47 days on site
ZGBT Home Insights
Listed by: Kristen Fesnak · 10X Real Estate & Investments
Source: Canopy MLS as distributed by MLS GRID · MLS#: CAR4400941
Quick facts
- Property type
- Single Family Residence
- Year built
- 1927
- Heating
- Heat Pump, Natural Gas
- Cooling
- Ceiling Fan(s), Central Air
- Water
- City
- Sewer
- Public Sewer
- Parking
- Attached Carport, Detached Garage
- Lot size
- 0.69 acres
About this home
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.
Facts & features
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Home Details
- Year Built
- 1927
- Lot Size
- 0.69 acres
- Garage Spaces
- 2
- Parking
- Attached Carport
- Detached Garage
- Levels
- Two
- Property Subtype
- Single Family Residence
Interior
- Heating
- Heat Pump
- Natural Gas
- Cooling
- Ceiling Fan(s)
- Central Air
- Flooring
- Carpet
- Laminate
- Tile
- Appliances
- None
Exterior & Construction
- Construction Materials
- Aluminum
- Vinyl
- Roof
- Architectural Shingle
- Water Source
- City
- Sewer
- Public Sewer
HOA & Taxes
- Tax Assessed Value
- $215,715
Price history
| Date | Event | Price |
|---|---|---|
| Listed | $450,000 | |
| Sold | $308,000 |
Location
2407 Main Street, Kannapolis, NC 28081
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