Another Property Sold - 14 Sweet Pea Drive, Alexander, NC 28701

by Karen Svites Realty, Inc. 04/26/2024

14 Sweet Pea Drive, Alexander, NC 28701
Residential IncomeSold
List Price $300,000
Sold Price $326,000
14 Sweet Pea Drive
Alexander, NC 28701
Listed by: (13528) Dwell Realty Group, 828-772-9622
MLS: Canopy MLS
3Beds
7Baths
1,272Sq Ft
Est. Mortgage
$1,649/mo

This is an incredible investment opportunity! This MH park includes an unoccupied 2/2 mobile an occupied 2/2 mobile and an abandoned mobile home conversion. There are three rented lots with tenant owned units and a vacant lot that is not rented. Currently the rents are considerably under market, the seller wishes for 6 month leases at current rates to be signed for the current tenants. In conservative speculation, not including any potential income from the abandoned home this park could cash flow at $3,800 a month. That's $1,100 monthly per each park owned 2/2 and $400 monthly for each lot. This property could easily deliver a return well past the 1% rule.

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About the Author
Author

Karen Svites Realty, Inc.

Local Expertise | World Class Service 

My name is Karen Svites. I am a top producer, real estate consultant for buyers, sellers and investors in the Asheville area for over 17 years. I have lived in North Carolina since 1994 and have called Asheville my home and place to raise my wonderful children. I am blessed to live here and be a part of this vibrant community. I enjoy the people, seasons, culture and many outdoor activities available to me.