For Sale

Listed by Maddison McMahan

Source: Carolina Multiple Listing Services, Inc. #4017146

19 Eagle Valley Lane, Edneyville, NC, 28792

$219,000

1.43 ac.

Land

30+ days on the market

What's around 19 Eagle Valley Lane

About this property

Looking for a great investment opportunity? Look no further than this 5-unit mobile home park in Hendersonville! All of the homes in this park are tenant-owned, which means that the tenants take pride in their homes and keep them in excellent condition. And speaking of tenants, they all have a perfect pay history and are locked into year-long leases at a very affordable $350 per month. This means that your investment will have a stable and predictable cash flow for the foreseeable future. And with a current NOI of $10,895 and a year two NOI of $15,654 (thanks to a minimal 5% yearly lot increase), your ROI on this investment will grow quickly. Plus, the park is on a shared well and septic tanks, so there are no expensive utility bills to worry about. And with all the homes being tenant-owned, you won't have to worry about any maintenance or repair costs. This is a fantastic opportunity to invest in a stable and profitable property! So don't wait ? contact us today to learn more!

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