Kannapolis · Kannapolis, NC
2407 N Main Street
Kannapolis, NC · 2,524 sqft
$430,000
Reduced from $450,000
- 4Beds
- 2Baths
- 2,524SqFt
- 1927Year
- 47Days on market
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.
Property details
- Beds
- 4
- Baths
- 2
- SqFt
- 2,524
- Lot
- —
- Year built
- 1927
- Type
- Single Family
- Days on market
- 47
- Garage
- 2
- Heating
- Heat Pump, Natural Gas
- Cooling
- Ceiling Fan(s), Central Air
- Foundation
- Crawl Space
- Flooring
- Carpet, Laminate, Tile
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$3,111/ month
- Principal & interest
- $2,663
- Property tax (~0.90%)
- $322
- Homeowners insurance
- $125
- HOA dues
- —
Down payment
$21,500 down · $408,500 financed
Income to qualify (28% rule)
~$133,329 / 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.