5929 Mourglea Avenue, Connelly Springs, NC 28612

$290,000
9
BD
3,668
SqFt

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List Price
$290,000
MLS#
4386327
Status
ACTIVE
Property Type
Residential Income
Year Built
1991
Price Change
▼ $20,000 1786396122
Days on Market
151
Bedrooms
9
Full Baths
7
Lot Size
50,965
Lot Size Area
1.17
Living Area
3,668
Sq Ft Total
3668
County
Burke
Subdivision
No Neighborhood

Property Description

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, flooring, paneling, paint, interior & exterior doors, vanities & toilets, water heaters & many appliances. 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.

Additional Information

Equipment
Electric Range, Refrigerator
Foundation
Other - See Remarks
Laundry Location
Electric Dryer Hookup, Washer Hookup
Heating
Heat Pump
Water
City
Sewer
Septic Installed
Exterior Construction
Metal
Parking
Driveway
Driveway
Gravel, Paved
Elementary School
Valdese
Middle School
Unspecified
High School
Jimmy C Draughn
Special Conditions
None

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Calculator source: Real Geeks

Listing courtesy of C. Rice and Associates LLC. criceandassociates@gmail.com

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