Listing courtesy of Galleon Real Estate
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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