3686 Cook Road

Valdese, NC 28690

About this property

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

About this property

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

Features and Additional Information

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$350,000 Active
0 sqft

Presented By Coldwell Banker Summit

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Get in touch today! Phone: 1-828-596-8508
Brokerage
C Shane Cook & Associates
1-828-437-7400
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Area Information

Burke | Burke County |

$ 350,000
This listing is play_arrow 30.1% higher than the average in the area
$ 268,950 in the area
0 SqFt
This listing is play_arrow 0% larger than the average in the area
0 SqFt in the area
$ 0 $/SqFt
This listing is play_arrow 0% less than the average in the area
$ 0 $/SqFt in the area
3 days on site
This listing is play_arrow 96.7% below the average in the area
92 days on site in the area

Schools in the Area

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    Elementary School
    Drexel
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    Middle School
    Heritage
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    High School
    Jimmy C Draughn

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Listed By Allen Curtis
Brokerage: C Shane Cook & Associates

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