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14 Sweet Pea DR Alexander, NC 28701
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Key Details
Sold Price $326,000
Property Type Single Family Home
Sub Type Portfolio
Listing Status Sold
Purchase Type For Sale
Square Footage 1,272 sqft
Price per Sqft $256
MLS Listing ID 4084708
Sold Date 04/25/24
Bedrooms 3
Full Baths 7
Construction Status Completed
Year Built 2020
Lot Size 2.430 Acres
Acres 2.43
Property Sub-Type Portfolio
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.
Location
State NC
County Buncombe
Building/Complex Name None
Zoning OU
Interior
Heating Heat Pump
Cooling Heat Pump
Flooring Carpet, Vinyl
Fireplace false
Appliance Other
Laundry Main Level, Other - See Remarks
Exterior
Utilities Available Cable Available
View Mountain(s), Winter
Roof Type Composition
Street Surface Gravel
Porch Front Porch
Garage false
Building
Lot Description Level, Rolling Slope, Wooded, Views
Foundation Basement, Crawl Space, Pillar/Post/Pier
Sewer Septic Installed
Water Shared Well
Structure Type Vinyl
New Construction false
Construction Status Completed
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Pets Allowed Yes
Senior Community false
Restrictions No Restrictions
Acceptable Financing Cash, Conventional
Horse Property None
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with Karen Svites • Karen Svites Realty Inc.