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listing
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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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Information courtesy of (13528) Dwell Realty Group is subject to verification and is not guaranteed.
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