3686 Cook W Road, Valdese, NC 28690
- $350,000
- 10
- BD
- List Price
- $350,000
- MLS#
- 4419474
- Status
- ACTIVE
- Property Type
- Residential Income
- Year Built
- 9999
- Days on Market
- 16
- Bedrooms
- 10
- Full Baths
- 5
- Lot Size
- 106,286
- Lot Size Area
- 2.44
- County
- Burke
Property Description
Discover the income-producing potential of 3686 Cook Rd W, Valdese, NC! Situated on approximately 2.44 acres, this established 5-unit mobile home park offers immediate rental income along with exciting possibilities for future growth. Each of the five units features 2 bedrooms and 1 bathroom, with an average monthly rent of approximately $750 per unit—providing an estimated $3,750 in gross monthly rental income at full occupancy. Each unit is separately metered for water and electricity, helping simplify utility management for the property owner. The property is currently configured with two units per septic system. What really sets this investment apart is the potential for expansion. Approximately half of the 2.44-acre property remains undeveloped, creating the possibility for additional units or other future development, subject to county approvals, zoning, septic capacity, and other applicable requirements. Whether you're looking to add an established income-producing property to your portfolio or searching for an investment with room to grow, 3686 Cook Rd W offers both current cash flow and future potential. 5 Rental Units • 2 BR / 1 BA Each • Approx. 2.44 Acres • Separately Metered Utilities • Approx. $3,750 Gross Monthly Rent at Full Occupancy • Potential for Additional Development
Additional Information
- Equipment
- Other
- Foundation
- Crawl Space
- Laundry Location
- Other - See Remarks
- Heating
- Electric
- Water
- Public
- Sewer
- Septic Installed
- Exterior Construction
- Aluminum
- Parking
- Driveway
- Driveway
- Asphalt, Paved
- Elementary School
- Drexel
- Middle School
- Heritage
- High School
- Jimmy C Draughn
- Special Conditions
- None
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Listing courtesy of C Shane Cook & Associates. AllenKCurtis@gmail.com
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