14 Sweet Pea Drive, Alexander, NC 28701
- $326,000
- 3
- BD
- 1,272
- SqFt
- Sold Price
- $326,000
- List Price
- $300,000
Property Description
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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Listing courtesy of Dwell Realty Group. zach@dwellavl.com
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