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.
| MLS # | 4400941 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1927 |
| Days On Site | 42 |
| Listing Provided By | 10X Real Estate & Investments | Kristen Fesnak |
| Bed(s) | 4 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,524 |
| Garage | 2 |
| Car Port | Yes |
| Story(s) | 2 |
| Acreage | 0.69 |
| Cooling | Ceiling Fan(s), Central Air |
|---|---|
| Heating | Heat Pump, Natural Gas |
| Window Features | Insulated Window(s) |
| Appliances | None |
| Roof | Architectural Shingle |
|---|---|
| Construction Materials | Aluminum, Vinyl |
| Foundation Details | Crawl Space |
| Lot Features | Cleared, Level, Wooded |
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Attached Carport, Detached Garage |
| List Aor | Canopy Realtor Association |
|---|
| Property | 215715 |
|---|
| State | NC |
|---|---|
| County | Rowan |
| City | Kannapolis |
| Zip Code | 28081 |
| Area | Rowan |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28081) | |
Price: $450,000 low | high Med: $339,900 sqft: 2,524 low | high Med: 1,930 $ / sqft: $178 low | high Med: $176 On site: 42 low | high Med: 15 | |
| State | NC |
|---|---|
| County | Rowan |
| City | Kannapolis |
| Zip Code | 28081 |
| Area | Rowan |
| School District | Unspecified |
| Elementary School | Unspecified |
| High School | Unspecified |
| Listing VS Median (in 28081) | |
Price: $450,000 low | high Med: $339,900 sqft: 2,524 low | high Med: 1,930 $ / sqft: $178 low | high Med: $176 On site: 42 low | high Med: 15 | |