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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.

Location

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Whether you're quietly considering a move or simply curious about what your home might bring today, I welcome the conversation. Every relationship begins with a coffee.