Property Details
2407 Main Street
Kannapolis
$450,000
MLS Number: 4400941
Status: Active
Description
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 |
|
|---|---|
| Address | 2407 Main Street Kannapolis |
| Subdivision | none |
| County | Rowan |
Overview |
|
| Bedrooms | 4 |
| Full Bathrooms | 2 |
| Half Bathrooms | 0 |
| Square Feet | 2524 sqft |
| Lot Size | 0.69 acres |
| Year Built | 1927 |
General |
|
| List Price | $450,000 |
| MLS Number | 4400941 |
| Status | Active |
| Office | 10X Real Estate & Investments |
Schools |
|
| Elementary | Unspecified |
| Middle | Unspecified |
| High | Unspecified |
Features |
|
| Type | Single Family Residence |
| Parking | Attached Carport, Detached Garage |
| Water/Sewer | City |
| Floor Coverings | Carpet, Laminate, Tile |
Listings courtesy of Canopy MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 08/17/26 4:34 am EST.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. School assignments should be verified and are subject to change. Properties may or may not be listed by the office/agent presenting the information. Properties reported may be listed or sold by various participants in the MLS. Copyright© 2020 Canopy Multiple Listing Services, Inc. All rights reserved.
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