Nathaly Hurtado
Realtor
REALTOR®
BEDS14
BATHS8 full
SQUARE FEET4,500
MLS#4433474
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Nine-home mobile home community in growing Maiden, NC: a well-maintained income property with real upside. Seven homes are occupied by long-term tenants, so you get steady cash flow from day one. Homes #1 and #3 are vacant and down to the studs, ready for your finishes and the chance to bring the park to full occupancy.Market rents in the area reach up to $1,200/month per home. At a conservative $950 average rent across all nine homes, the pro forma shows $102,600 in gross annual income, a 19.2% gross yield on the $535,000 list price, and a projected cap rate of about 12.5% assuming 35% operating expenses. (Projections don't include the cost to finish #1 and #3.)Location is what keeps the rental demand strong. Maiden is home to major employers like GKN Driveline, McCreary Modern and Apple's data center, with steady industrial growth across Catawba and Lincoln counties. Tenants can reach Hickory in about 20 minutes via US-321, Lake Norman and Denver in about 20 minutes via NC-16, and Charlotte and CLT airport in roughly 45 minutes.Whether you're growing your portfolio or buying your first income property, this one gives you income in place today and a clear path to more once the two rehabs are done. Buyer to verify all income, expenses and information.
Property Features
Property Type: Multi Unit - Multiple
Heating: Other - See Remarks
Lot Size: 2.01 Acres
Year Built: 1970
Feature Descriptions
Appliances: None
Exterior: Aluminum
Foundation: None
Laundry: In Unit
Parcel#: 3656025645180000
Parking: Driveway, Parking Space(s)
Pets Allowed: Yes
Sewer: Shared Septic
Units: 9
Water: Shared Well
Local Schools
High School: Unspecified
Middle School: Unspecified
Elementary School: Unspecified
Listed By / Shown By
Listed By
Agency Name: EXP Realty LLC Mooresville
Agency Contact: stephenpiercelkn@gmail.com
Shown By
Agent Name: Nathaly Hurtado
Agent Phone: (704) 658-5763
Agency Title: Lake Norman Realty
Estimate Your Payment
Estimated Payment
$ 0.00 per month $0.00 Principal & Interest $0.00 Property Tax (data not provided by mls) $0.00 Homeowner's InsuranceChange Payment Information
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4624 Buff Park Road | MLS# 4433474
This multi-family property located at 4624 Buff Park Road , Maiden, NC 28650 is currently listed for sale with an asking price of call for price. Search Maiden real estate on nathalyh.lakenormanrealty.com today.