Addresses: 103 & 105 Linda Dr. Cherryville, NC. 2 mobile homes on 2 half acre lots, total 1 acre. Selling as-is. 2 storage sheds on the property. 1 is in bad shape, can be fixed in 3 days. 2 blocks from Lake Moss. Great neighborhood. Cherryville address but located in Cleveland county 10 mins from Shelby towards Cherryville (Hwy 150). Rent per trailer: 375 per month or $100 per week. If you have a reliable handyman that can do flooring and sheetrock, there is 3-4 days of work left to be done. Sheetrock work almost completed. Material worth over $1500 are on site. All you need to find is a right handyman. Asking $23.5K. All cash deal. Please no wholesalers. Rent to own with $10K down. No credit checks! Bad credit OK. Live in one and rent the other trailer, you are basically getting it for $10K. Financials: Investment: 23.5K + 1.5K repairs = 25K Income @ $750 X 12 = $9000 Expenses: Tax + insurance: $600 Property management: $900 Net revenue: $7500 CAP Rate : 30% Zillow estimates show $47K for each trailer but these are trailers after all, not single family houses. The deal includes the land though. Feel free to drive by the property and call/email us if you like the deal. BEWARE OF THE DOGS behind the trailers!!
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