Description
5 unit portfolio in West Iredell! Portfolio consists of 5 manufactured singlewide homes. Each unit has its own parcel. Every home is rented out on a month to month basis. Units are bringing in $2,900/mo. This could possibly work as a value add investment or you could roll with it as it is with a 9%-10% cap rate. The neighborhood is quiet and there is new construction going up on the same road as the units. All but 1 of the trailers are on a permanent foundation. The owner has the titles for all of the units. A couple of the tenants have been there for 8+ years. If you're an investor looking for instant cash flow, this portfolio is definitely one to consider!
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10BEDS
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2.16ACRES
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5BATHS
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01/2 BATHS
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3,880SQFT
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$97$/SQFT
School Information
Offered by Galleon Real Estate: 704-942-5372. Copyright 2023 Canopy MLS. All rights reserved.Description
5 unit portfolio in West Iredell! Portfolio consists of 5 manufactured singlewide homes. Each unit has its own parcel. Every home is rented out on a month to month basis. Units are bringing in $2,900/mo. This could possibly work as a value add investment or you could roll with it as it is with a 9%-10% cap rate. The neighborhood is quiet and there is new construction going up on the same road as the units. All but 1 of the trailers are on a permanent foundation. The owner has the titles for all of the units. A couple of the tenants have been there for 8+ years. If you're an investor looking for instant cash flow, this portfolio is definitely one to consider!
Based on information submitted to the MLS GRID as of 2023-05-31T22:34:05.923 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither LePage Johnson Realty Group, LLC | eXp Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2023 Canopy MLS.
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