Property Description

Reduced $309,900. 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, flooriing, paneling, paint, interior & exterior doors, vanities & toilets, water heaters & many appaliances.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.Landlord is looking to retire.

Property Features

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