1425 Farlow Rd 4 Unit Mobile Home Park $440,000 ($110,000/Unit) Raleigh, NC 27603

Please read the entire description carefully. Detailed pricing information is at the bottom of the description. Four rental properties in Raleigh, NC (mobile homes on independent lots with no HOA restrictions) on sale for a total of 440k (At an average price of 110k each). All four properties are right next to each other on the same street. These homes 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 its own 100 feet wide X 200 feet long lot (approximately half acre each)that has its own independent septic system on site. There are two wells to provide drinking water to these 4 properties. Lots of this size for this price with independent utilities and no HOA or city taxes are not available anymore in the city of Raleigh. Renters take care of their own utilities including lawn care. Septic tanks are serviced regularly, I have maintenance records to provide for the new roof work and servicing related to septic tanks. All current tenants are punctual with their rents. Landlord’s expenses are garbage bill and electricity to run the wells. Low county taxes(no city taxes). Picture showing the breakdown of rents and expenses is attached. Google map 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 good investment opportunity for someone that wants to leave these properties as is for cash flow or add new mobile homes or even build a new modular/stick built homes in the future since all utilities are already established. This is a good opportunity to own a mobile home park of your own inside the city limits of Raleigh without actually having to pay city taxes with a total area of approximately 2 acres of land between 4 properties. Preference will be given to someone that wants to purchase all of these properties together. Pricing information: “1425 Farlow road home is priced at 125k, 1429 Farlow road home is priced at 95k(well on site), 1501 Farlow road home is priced at 105k, and 1507 Farlow road home is priced at 115k(well on site). On average these four properties combined are priced at 110k each(lots are included) for a total price of 440k. ***I will pay 2% commission to your realtor. In case if there is no real estate agent involved, I will pass on that 2% credit to the buyer as a discount which will lower the total price to approximately 430k.” I will take care of preparing the purchase contracts for us to sign. You will need a closing attorney to do title work and for preparing the closing statements and registering the deeds with the county. Closing attorneys will take care of transferring current rental leases to the new buyer’s name at the time of closing. All tenants are on month to month leases and they will continue to rent from the new owners. 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 view these properties in person. No rental, lease to own, or seller financing options being considered at this time.