639 E Iredell Avenue DOWNTOWN MOORESVILLE CHARMER WITH INCREDIBLE INCOME POTENTIAL! Welcome to this beautifully maintained, solid brick 3-bedroom, 2-bathroom home located right in the vibrant heart of Mooresville. Whether you are searching for your forever home with a flexible layout or a cash-flowing investment property with a proven short-term and long-term rental history, this property delivers. Leave your car parked-you are just a short, scenic stroll away from Liberty Park, the fantastic dining at Mill One, and all the shopping and entertainment Downtown has to offer. Exuding classic charm with stunning hardwood floors throughout, the versatile layout allows the property to seamlessly function as a spacious single-family residence or as two completely separate units. The main level lives large, featuring a sunlit living/family room, a formal dining room perfect for gatherings, and a well-equipped primary kitchen. Two generous bedrooms and a full bathroom complete the primary living space, along with a dedicated utility room featuring washer/dryer hookups. Step outside to enjoy the Carolina breeze on the lovely screened-in porch. The true magic of this property lies in its upper level. Functioning perfectly as an impressive suite or a completely independent 1-bed/1-bath apartment with its own separate entrance, this floor has it all. The upper suite boasts a comfortable TV/living room, a fully functional kitchenette (complete with a refrigerator, sink, oven, and microwave), a cozy eat-in area, its own washer/dryer hookups, and a fantastic roof-top deck for private outdoor lounging. Set on a rare, over 1/2-acre lot, the flat and expansive backyard is an absolute blank canvas. It offers the perfect footprint to add a detached garage, a pool, or even an Accessory Dwelling Unit (ADU) for maximum income potential. (subject to town approval) The property also features dedicated off-street parking for at least four vehicles, an outdoor storage building, and an unfinished basement/cellar for abundant storage. Investors and homeowners alike will appreciate the updates and peace of mind: the property is already equipped with two separate electrical services (perfect for house-hacking or leasing), a roof replaced in 2021, and a 2021 mini-split system for the upper level. The main level stays perfectly climate-controlled with natural gas heat and central A/C. Live in one, rent the other, or add a phenomenal dual-income asset to your portfolio. Opportunities with this much charm, flexibility with its DE (downtown extension) zoning, and prime location rarely hit the market. Schedule your showing today!