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720 Washburn Switch RoadShelby, NC 28150Price: $425,000

  • Price: $425,000
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Federal 30-year interest rate: 6.49% last updated on Dec 1, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
CAR3867446
  • $425,000List Price
  • 2.3Acreage

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Back on the market due to buyer financing- No Fault of Seller. An investment opportunity like this property does not come on the market very often. Successful mobile home park with 12 mobile homes which sits on 2.3 acres. Potential for 13th unit. Units are in good condition. 1 unit is a 3 bedroom, 10 are 2 bedrooms and 1 was modified from a 2 bedroom to a 1 bedroom. All units have septic (some units share septic tanks) and Shelby City Water. All units are currently rented. One unit, owner currently uses as storage for repairs to the park and can be modified for another rental. The mobile home park has low overhead and is easy to self-manage. Do not disturb tenants. Great ROI and potential for a BETTER ROI! Utility Bills available upon request. Rent for the year is approx. $87240, utilities are approx. $20,240-year, Profit of approx. $67k a year! Seller willing to have all tenants switch to pay their own utilities if desired.

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Listed by Cyndi Newton and Alycia Stewart of NorthGroup Real Estate,Inc.

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