2407 N Main Street, Kannapolis, NC 28081-2447 - A Ready-Made Co-Living Income Property

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, and 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, and 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. (4 beds / 2 full baths currently listed, 2,524 sq ft, built 1927, 0.69-acre lot.)