1425 Farlow Rd 4 Unit Mobile Home Park $600,000 ($150,000/Unit) Raleigh, NC 27603

Hi, I am the owner of four rental properties in Raleigh on Farlow road about 15 minute drive(7miles) to downtown, looking to sell all four of these properties as a package deal. The location of these properties are close to both I-40/440 and 540 highways. All lots are right next to each other on the same street, and are rented to long term tenants that are responsible and decent people. 3 of the 4 properties are renting for $950/month each with renters taking care of all the utilities except trash and water. Water comes from wells, and all four lots have their own septic systems on site so there is no additional water or sewer bill. 4th property is renting for $850/month to a very long term renter that's been living in the same place for over 20 years and is a veteran so I am taking lesser rent from him. All four lots are 100 X 200 feet in dimensions so close to half acre each. Location of this area in Raleigh is very peaceful and surrounded by nature. 3 out of 4 homes are older manufactured homes and are functional. These homes have metal roof that have been seal coated on last summer for easy maintenance in the future. Septic tanks are serviced regularly and any repairs or maintenance requests raised by the tenants like an old sink tap needing replacement or adding additional gravel for the driveway have all been addressed promptly. All four renters are punctual with their rents. 4th house at 1425 Farlow road is a bigger unit 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 the roof where a dish antenna was installed on this house 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 1977. Homes around this size in the same neighborhood are renting between $1400 to $1500 with the renters taking care of all the utilities. One of the other 3 mobile homes have new flooring. All renters wants to continue. Total monthly rental income on four mobile homes as of February 1st 2026 will be $3700(($950, $950, $950, and $850). Owner will be responsible for just trash(about $15/month), and electricity bill related to well pumps which is about $30/month. Renters takes care of their utilities(electricity and internet). Address of the properties are 1425 Farlow road, 1429 Farlow road, 1501 Farlow road, and 1507 Farlow road. This is a great investment opportunity for someone that wants to leave as-sis for Cash Flow or add New Mobile Homes or Build Craftsman's Just Under 2 Acres of Total Land Between 4 Properties. At this point of time I am not looking to sell these properties individually. If you are interested please leave a message. I will respond to any message within 24 hours. Bring your closing attorney. If you have a buyer's real estate agent, I will pay 2% commission or I will give this credit to the buyer that's not involved with an agent. Price is negotiable to a reasonable level. Please check Wake county GIS maps for details of these properties.