This is the Multi Family investment opportunity that you have been looking for. The property consists of 12 mobile homes + one vacant lot, and the land and mobile homes are included in the sale. All homes are permanently attached and have deeds. CITY WATER AND SEWER, and CITY MAINTAINED RD. Great income producing properties with 12% current cap rate, 9 of the mobile homes are rented and recently rehabbed, 3 of the homes require some work done, once all rented, cap rate will be around 16%. Good tenants who are willing to stay. Only 20 minutes to the beautiful Edenton coastal area, 2 minutes walk to Livermon Park & Mini Zoo. Very hot rental area, close to Perdue Farms and other manufacturing companies. PLEASE DO NOT DISTURB TENANTS.
Property Features
Heating Information
Central
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Central Air
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Public
Parking
Driveway
Listing Courtesy: City & Village Realty LLC - 252-915-1973
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Last Updated: 2025-09-03 05:45:34
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