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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!
Location
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Based on information submitted to the MLS GRID as of "Updated" date listed below. 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. Some IDX listings have been excluded from this website Updated: 1st June, 2023 4:15 PM (UTC)
Listing Office: Galleon Real Estate
Attribution contact: 704-942-5372 | 704-880-4426
