Tracy DeCicco
REALTOR®
BEDS4
BATHS2 full
SQUARE FEET2,524
MLS#4400941
STATUSActive
PROPERTY TYPEResidential - Single Family
Property Description
Approximately 6 bedrooms / 4 bathrooms2,524 sq. ft. main house1,000 sq. ft. permitted ADU with excellent conversion potentialMain HouseThe 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 bedroomClosing off the French doors to provide privacy for another bedroomFurnishing the home and completing a few final punch-list itemsOnce completed, the main house would function as an 8-bedroom home, including two ensuite bedrooms, which could command premium rental rates.ADU OpportunityThe property also includes a permitted ~1,000 sq. ft. ADU, creating additional upside for an investor.Potential configurations include:Phase 1: 3 bedrooms / 2 bathroomsPhase 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 Features
Property Type: Residential - Single Family
Garage: 2
Heating: Heat Pump, Natural Gas
Lot Size: 0.69 Acres
Roof Type: Architectural Shingle
Year Built: 1927
Feature Descriptions
Appliances: None
Days on Site: 1
Exterior: Aluminum, Vinyl
Flooring: Carpet, Laminate, Tile
Foundation: Crawl Space
Laundry: Laundry Room, Main Level
Lot: Cleared, Level, Wooded
Parcel#: 160044
Parking: Attached Carport, Detached Garage
Sewer: Public Sewer
Water: City
Window Features: Insulated Window(s)
Local Schools
High School: Unspecified
Middle School: Unspecified
Elementary School: Unspecified
Listed By / Shown By
Listed By
Agency Name: 10X Real Estate & Investments
Agency Contact: team@10xmyre.com
Shown By
Agent Name: Tracy DeCicco
Agent Phone: (704) 408-7704
Agency Title: Lake Norman Realty
Estimate Your Payment
Estimated Payment
$ 2,526.34 per month $2,395.09 Principal & Interest $0.00 Property Tax (data not provided by mls) $131.25 Homeowner's InsuranceChange Payment Information
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2407 N Main Street | MLS# 4400941
This single family home located at 2407 N Main Street , Kannapolis, NC 28081 is currently listed for sale with an asking price of $450,000. This property was built in 1927 and has 4 bedrooms and 2 full baths with 2524 sq. ft. Search Kannapolis real estate on tracyd.lakenormanrealty.com today.