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Denise O'Farrell

denise@dublin.com +1(704) 621-3070

$ 315,000

Est. payment | -/mo

9 Beds

7 Baths

3,668 SqFt

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$ 315,000

Est. payment | -/mo

Save

9 Beds

7 Baths

3,668 SqFt

Key Details

Property Type Single Family Home

Sub Type Portfolio

Listing Status Active

Purchase Type For Sale

Square Footage 3,668 sqft

Price per Sqft $85

MLS Listing ID 4386327

Bedrooms 9

Full Baths 7

Abv Grd Liv Area 3,668

Year Built 1991

Lot Size 1.170 Acres

Acres 1.17

Property Sub-Type Portfolio

Property Description

Located just south of Rutherford College & Valdese, this desirable investment property offers both immediate income & long-term potential. The property includes four well-maintained 1990s singlewide mobile homes, each thoughtfully updated by the current owner. These units currently generate $3,200/month ($38,400/year) in rental income, with room for increased returns. Recent improvements across the homes include: carpet, flooring, paneling, paint, interior & exterior doors, vanities & toilets, water heaters & many appliances. Each home is equipped with a heat pump, making them more attractive to quality tenants. The landlord currently handles lawn care, provides town water, & maintains a shared dumpster. Tenants are responsible for all other utilities. Each unit is on its own septic system. Set in a scenic location at the foot of Mineral Springs Mountain, just outside the town limits. Properties are tenant occupied. Please allow at least 24 hours for showings. The landlord will ask a tenant or 2 to accommodate showings. Additional units may be shown to serious, qualified buyers.

Location

State NC

County Burke

Zoning R-3

Interior

Heating Heat Pump

Cooling Heat Pump

Appliance Electric Range, Refrigerator

Laundry Electric Dryer Hookup, Washer Hookup

Exterior

Street Surface Gravel,Paved

Garage false

Building

Dwelling Type Manufactured

Foundation Other - See Remarks

Sewer Septic Installed

Water City

Structure Type Metal

New Construction false

Schools

Elementary Schools Valdese

Middle Schools Unspecified

High Schools Jimmy C Draughn

Others

Pets Allowed No

Senior Community false

Special Listing Condition None

Listed by Caleb Rice • C. Rice and Associates LLC • criceandassociates@gmail.com

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Denise O'Farrell

REALTOR® | Lic# NC LIC#227209 SC LIC#64113

denise@dublin.com

+1(704) 621-3070

222 Baldwin Ave, Charlotte, NC, 28204

5929 Mourglea AVE Connelly Springs, NC 28612

Denise O'Farrell

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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5929 Mourglea AVE