108,116,120,155,161 Longbranch Road Statesville, NC 28677
10 bed / 5 bath / 3,880 Sq. Ft. / 94,090 Sq. Ft., 2.16 acres lot size / Other
Status: Sold
{{listPriceUS ? listPriceUS : listPriceNoSuffix}}
{{listPriceUS ? listPriceUS : listPriceNoSuffix}}
5 unit portfolio in West Iredell! Portfolio consists of 5 manufactured singlewide homes. Each unit has its own parcel. Every home is rented out on a month to month basis. Units are bringing in $2,900/mo. This could possibly work as a value add investment or you could roll with it as it is with a 9%-10% cap rate. The neighborhood is quiet and there is new construction going up on the same road as the units. All but 1 of the trailers are on a permanent foundation. The owner has the titles for all of the units. A couple of the tenants have been there for 8+ years. If you're an investor looking for instant cash flow, this portfolio is definitely one to consider!
property details
Type
Other
Status
Closed
County
Iredell
Year Built
1990
Beds
10
Full Baths
5
Sq. Ft.
3,880
Lot Size
94,090 Sq. Ft., 2.2 acres
Listing Id
4033470
Courtesy Of
Josh Wilson - Galleon Real Estate josh@galleoncommercial.com
List Office Phone
+1 704 942 5372
Interior Features
Appliances
Refrigerator
Living Area Units
Sq. Ft.
Full Baths
5
Bathrooms Total
5
Exterior Features
Parking
Driveway
Foundation
Permanent
Utility & Building Info
Sewer
Septic Tank
Parcel Number
4711-46-9722.000
4711-46-7598.000
4711-46-8692.000
4711-46-7598.000
4711-46-8692.000
Cooling
Central Air
Water Source
Shared Well
Heating
Central
Building Area Total
3,880 Sq. Ft.
Price Per Sq Ft
$97
Architectural Style
Other
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.
Price History
| date | event | price | source |
|---|---|---|---|
|
06/27/2023
06/27/2023
|
Sold |
$325,000
|
Canopy MLS/Carolina MLS |
|
06/06/2023
06/06/2023
|
Contingent |
$375,000
|
Canopy MLS/Carolina MLS |
|
05/22/2023
05/22/2023
|
Active |
$375,000
|
Canopy MLS/Carolina MLS |
View More
Market Trends
Source: Constellation1
Mortgage Calculator
Estimated Mortgage Payment
Your total payment will be
{{ currency_symbol }}{{ parseInt(monthlyMortgage).formatThousands(0) }}
- Principal {{ parseInt(priciplePayment).formatThousands(0) }}
- Interest {{ parseInt(interestPayment).formatThousands(0) }}
({{ downPaymentFormatted }})
(Years)
Estimate does not reflect Property Tax, PMI or Homeowner Insurance. Mortgage Calculator provided by Berkshire Hathaway HomeServices.
