Property Description

10 homes rent for $500 each, and 1 rents for $600, for a total monthly income of $ 5,600!!! 24% yearly return - $67,200 in rents! You will make your money back in 4 years and profit after!!! 4.7-acre parcel with 11 occupied homes, offering immediate cash flow with all units leased and some recently remodeled, plus 3 wells and 10 septic systems servicing the community. Located roughly 14 minutes from downtown Greensboro for convenient access to amenities and employment centers. Water is included in the tenants rent. The owner pays for electricity to one well pump - $30/month. There are 10 septic tanks in total, with one shared between two units. Each mobile home has its own electric meter. Insurance is approximately $1,500 per month. Aside from insurance and well pump electricity cost, there are no additional known monthly expenses. There is currently no property plat or survey available. The owner does all maintenance and management of the property. Showings will only be allowed after an accepted offer. Make your offer today!! No pictures available of the inside. These units need work. DO NOT DISTURB THE TENANTS.

Property Features

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