• Wadesboro, NC 28170

  • 6,601 SqFt
  • Multi-family (2-4 units) / Owner Financing

Property Details for null St, Wadesboro, NC 28170

Features

Facts

Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Description

Attention investors! This 27-unit property with potential for expansion is an incredible opportunity for someone looking to start or expand their real estate investment portfolio. This mobile home park contains seven units that are park-owned and twenty units that are lot rent only. Per the current owner, they county will allow up to 30 homes in the park, so three additional income-producing properties could be added. All homes have access to county water. It is currently 96% occupied with only one current vacancy (lot rent only). Projected monthly income when all properties are rented is $9380.00. Owner is responsible for road and septic maintenance as well as trash pickup. The neighborhood is currently contracting for weekly trash pickup costing approximately $420/month. An appraisal was conducted on the property in 2022 and valued at the current list price of $800,000. Seller financing negotiable.

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Property Brokerage: PLANK ROAD REALTY 209 East Wade Street Wadesboro NC 28170
Copyright © 2024 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.



All information provided is deemed reliable, but is not guaranteed and should be independently verified.