108,116,120,155,161 Longbranch Road, Statesville, NC 28677

$325,000
10
BD
3,880
SqFt

Listing courtesy of Galleon Real Estate

Sold listing courtesy of NC Properties 101

Sold Price
$325,000
List Price
$375,000
MLS#
4033470
Status
CLOSED
Days on Market
25
Property Type
Residential Income
Distressed Property
Yes
Year Built
1990
Closing Date
Jun 16, 2023
Bedrooms
10
Full Baths
5
Lot Size
94,089
Lot Size Area
2.16
Living Area
3,880
Sq Ft Total
3880
County
Iredell
Special Conditions
Subject to Lease

Property 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!

Additional Information

Equipment
Refrigerator
Foundation
Permanent, Other - See Remarks
Laundry Location
Inside
Heating
Central
Water
Shared Well
Sewer
Septic Installed
Exterior Construction
Vinyl
Parking
Driveway
Driveway
Gravel
Elementary School
Unspecified
Middle School
Unspecified
High School
Unspecified
Zoning
RA
Total Property HLA
3880

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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