1425 Farlow Rd 4 Unit Mobile Home Park $125,000 ($31,250/Unit) Raleigh, NC 27603

Hi, I am the owner of four rental properties in Raleigh on Farlow road about 15 minute drive(7miles) to Raleigh downtown. I am looking to sell all four of these properties as a package deal for $125k each. All homes are right next to each other on the same street, and are rented to long term tenants that are responsible and decent people. Location of this area in Raleigh is very peaceful and surrounded by nature. Each home comes with it's own 100' X 200' lot that has it's own independent septic system. There are two wells to provide drinking water to these 4 homes. Renters take care of their own utilities except trash, and electricity to run well pumps. Electricity bill to run well pumps is approximately $10 per home. 3 out of the 4 homes are older manufactured homes and are functional. These homes have metal roof that have been seal coated on last summer(pictures taken at the time of seal coating are attached) for easier maintenance in the future. Septic tanks are serviced regularly, and any repairs or maintenance requests raised by the tenants like a sink tap needing replacement or adding additional gravel for the driveway have all been addressed promptly. All four renters are punctual with their rents. House at 1425 Farlow road is a bigger home compared to the other three homes with 2 bed rooms and 2 full baths and with a new shingles roof installed in the summer of 2025 so there won't be any roof work needed for it for another 20 to 30 years. There was a leak on that roof where a dish antenna was installed and also it was original roof from about 25 years old so I hired a roofing contractor to install a new roof in summer and also replaced the damaged planks around the antenna. This is comparatively a newer home manufactured in 1997. Homes around this size in the same neighborhood are renting between $1400 to $1500 with the renters taking care of all the utilities. All of the current renters of these homes wants to continue to rent. Total monthly rental income from these four mobile homes is $3700(($950, $950, $950, and $850). Owner will be responsible for trash(about $15/month), and electricity bill related to well pumps(about $10 per home). Low county taxes(no city taxes). Picture showing rent and expenses breakdown is attached. Renters takes care of their own utilities(electricity and internet). Address of these properties are 1425 Farlow road, 1429 Farlow road, 1501 Farlow road, and 1507 Farlow road in the city of Raleigh(Wake county). This is a great investment opportunity for someone that wants to leave as-is for cash flow or add new mobile homes or build craftsman's. An opportunity to own a mobile home park of your own, approximately 2 acres of total land between 4 properties in the city of Raleigh. At this point of time I am not looking to sell these homes individually, looking for a single party that's interested in buying all 4 properties. If you are interested please leave a message. I will respond to any message within 24 hours. Please do not disturb the tenants. You are welcome to drive on this street to see these properties in person. In the same residential neighborhood of Southern Acres which is a quiet, suburban setting with easy access to I-540, RDU, and downtown Raleigh. Please have a closing attorney contact information ready when ready to sign the contract.****