Kannapolis · Kannapolis, NC
1400 Central Drive
Kannapolis, NC · 2,761 sqft
$206,000
Reduced from $250,000
- 4Beds
- 2Baths
- 2,761SqFt
- 1940Year
- 47Days on market
About this home
Rare investment opportunity with exceptional income potential in one of the Charlotte region's fastest-growing rental markets. Situated on a large lot with no HOA, this property offers multiple value-add opportunities, including the potential to create a high-income co-living or workforce housing investment. The main home requires only light finishing work, while the detached workshop presents an excellent opportunity for future ADU conversion. Additional features include a detached 2-car garage, carport, and flexible layout with potential for expanded bedroom count. Ideal for co-living, mid-term rentals, corporate housing, or buy-and-hold investors. Income projections and investment analysis are available upon request; buyers should perform their own due diligence. Additional photos, floor plans, and video walkthrough are also available.
Property details
- Beds
- 4
- Baths
- 2
- SqFt
- 2,761
- Lot
- —
- Year built
- 1940
- Type
- Single Family
- Days on market
- 47
- Garage
- 2
- Heating
- Natural Gas
- Cooling
- Central Air
- Foundation
- Basement, Crawl Space
- Flooring
- Carpet, Linoleum, Tile, Wood
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$1,490/ month
- Principal & interest
- $1,275
- Property tax (~0.90%)
- $154
- Homeowners insurance
- $60
- HOA dues
- —
Down payment
$10,300 down · $195,700 financed
Income to qualify (28% rule)
~$63,874 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.