1400 Central Drive, Kannapolis, NC 28083
Jackson Park · Cabarrus County
Key Facts
Description
Rare investment opportunity with exceptional income potential in one of the Charlotte region's fastest-growing rental markets. Situated on a large lot with no HOA, this property offers multiple value-add opportunities, including the potential to create a high-income co-living or workforce housing investment. The main home requires only light finishing work, while the detached workshop presents an excellent opportunity for future ADU conversion. Additional features include a detached 2-car garage, carport, and flexible layout with potential for expanded bedroom count. Ideal for co-living, mid-term rentals, corporate housing, or buy-and-hold investors. Income projections and investment analysis are available upon request; buyers should perform their own due diligence. Additional photos, floor plans, and video walkthrough are also available.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Year Built
1940
Living Area
2,761 sq ft
Garage Spaces
2
Zoning
R4
Days on Market
2
MLS® Listing#
4400928
Property Features
Appliances
Cooling
Heating
Flooring
Fireplace
Basement
Parking
Laundry
Lot Features
Roof
Sewer
Water Source
Schools
- Elementary:
- Unspecified
- Middle:
- Unspecified
- High:
- Unspecified
Financial Details
HOA
None
Assessed Value
$251,450
Parcel Number
5624-31-1690-0000
Affordability Calculator
$50,000
Estimated monthly payment
$1,331/mo
Principal $200,000 · Est. interest $279,018 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Kannapolis, NC
- $334,694
- Median Listing Price
- 58
- Median Days on Market
- 1,544
- Median Sq Ft
- $208
- Median Price / Sq Ft
- 222
- Active Listings
- This home’s price is 25% below the area median.
- Its price per sq ft is 56% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Kannapolis, NC.
Location
- 1400 Central Drive, Kannapolis, NC 28083
Points of Interest in Kannapolis, NC
Showing the Kannapolis area map.
Nearby Schools
Jackson Park Elementary School
Elementary · 0.1 mi away
Grace Covenant Church
School · 0.5 mi away
Franklin Heights Christian Academy
School · 0.6 mi away
Faith Christian Academy
School · 0.7 mi away
Kannapolis City Schools
School · 1.0 mi away
Kannapolis City Schools
School · 1.0 mi away
A.L. Brown High School
Secondary · 1.0 mi away
Woodrow Wilson Elementary School
Elementary · 1.0 mi away
G W Carver Elementary School
Elementary · 1.1 mi away
North Kannapolis Christian Academy
School · 1.2 mi away
Forest Park Elementary School
Elementary · 1.6 mi away
Kids' Korner Child Development Center
School · 2.0 mi away
McKnight Child Development Center
School · 2.1 mi away
Fred L Wilson Elementary School
Elementary · 2.5 mi away
Royal Oaks Elementary School
Elementary · 2.6 mi away
Shady Brook Elementary School
Elementary · 3.0 mi away
Corriher Lipe Middle
Secondary · 3.1 mi away
Kannapolis Middle School
Secondary · 3.2 mi away
A+ Preschool
School · 3.2 mi away
Footprints Christian Academy-Preschool of Bumc
School · 3.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 403 Oakdale Avenue, Kannapolis, NC | $190,000 | 3 | 2 | 1,090 |
| 303 Rice Street, Kannapolis, NC | $197,500 | 3 | 1 | 845 |
| 515 Copel Street, Kannapolis, NC | $199,999 | 3 | 1 | 1,295 |
| 1004 Oakwood Avenue, Kannapolis, NC | $210,000 | 3 | 2 | 1,131 |
| 2207 Billy Street, Kannapolis, NC | $225,000 | 3 | 2 | 1,473 |
| 5921 Princeton Avenue, Kannapolis, NC | $225,000 | 3 | 1 | 968 |
Moving Cost Estimate
EXIT Agents in Kannapolis
Listing Courtesy: 10X Real Estate & Investments - team@10xmyre.com
Last Updated: 2026-07-10
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