145 Pineview Circle
Wadesboro, NC 28170
Sold for $705,000 on Feb 14, 2025

Attention investors! This 27-unit property with potential for expansion is an incredible opportunity for someone looking to start or expand their real estate investment portfolio. This mobile home park contains seven units that are park-owned and twenty units that are lot rent only. Per the current owner, they county will allow up to 30 homes in the park, so three additional income-producing properties could be added. All homes have access to county water. It is currently 96% occupied with only one current vacancy (lot rent only). Projected monthly income when all properties are rented is $9780.00. Owner is responsible for road and septic maintenance as well as trash pickup. The neighborhood is currently contracting for weekly trash pickup costing approximately $420/month. An appraisal was conducted on the property in 2022 and valued at the current list price of $800,000. Seller financing negotiable.

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Basic Information
MLS#: 4095585
Square Footage: 6,601
Acreage: 21.8
Year Built: 1980
Waterfront: No
Listing Details
Closing Date: Feb 14, 2025
List Price: $750,000
Sales Price: $705,000
Days on Market: 233
Listed by: Caty Edwards, Plank Road Realty
Sold by: Non Member, Canopy Administration

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