5929 Mourglea Avenue
$309,900
- 10
Beds - 7
Baths - 1.27
Acres
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. Unit #2 is available for showings. Additional units may be shown to serious, qualified buyers. Landlord is looking to retire.
Listed By: C Shane Cook & Associates
Status: Active
Attribution: [email protected]
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