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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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2407 N Main St , Kannapolis, NC 28081
$400,000
Est. Payment: $888.89/mo
4 Bed
2 Bath
2524 Sqft
Status: Active | Days on site: 67
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R04488 - 47246
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House 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.

Highlights

Listed by Kristen Fesnak , 704-519-6183 10X Real Estate & Investments , 704-519-6183.

Property Type

Residential

Lot/Acreage
0.69

Year Built

1927

County

Rowan

Listing ID

4400941

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:2
Air Cond:Ceiling Fan(s),Central Air
Fireplaces:
Floor:Carpet,Laminate,Tile
Above Ground Sq Ft:2524
Below Ground Sq Ft:0
Other:
  • Additional:Master on Main
Water:City

Exterior Features

Lot:Cleared,Level,Wooded
Roof:Architectural Shingle
Sewer:Public Sewer
Parking Features:Attached Carport,Detached Garage
Principal Interest
$889
Taxes
$255

Home Price

$400,000

Loan Details

30 yrs
%

Down Payment

20%
$80,000
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Monthly Price:
$888.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $888.89 $255.00 $0.00 $1,143.89
Yearly $10,666.67 $3,060.00 $0.00 $13,726.67
Total $320,000.00 $91,800.00 $0.00 $411,800.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Kannapolis, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.