This is an incredible investment opportunity!
This MH park includes an unoccupied 2/2 mobile an occupied 2/2 mobile and an abandoned mobile home conversion. There are three rented lots with tenant owned units and a vacant lot that is not rented.
Currently the rents are considerably under market, the seller wishes for 6 month leases at current rates to be signed for the current tenants.
In conservative speculation, not including any potential income from the abandoned home this park could cash flow at $3,800 a month. That's $1,100 monthly per each park owned 2/2 and $400 monthly for each
lot.
This property could easily deliver a return well past the 1% rule.
Closed
$326,000
14 Sweet Pea Dr, Alexander, NC 28701
6beds
1,272sqft
Multi Family
Built in 2020
-- sqft lot
$-- Zestimate®
$256/sqft
$1,694 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,694/mo
Zestimate® history
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$1,895/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Zach Penland zach@dwellavl.com,
Dwell Realty Group
Bought with:
Karen Svites
Karen Svites Realty Inc.
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4084708
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 7
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Other
- Laundry: Main Level, Other
Features
- Flooring: Carpet, Vinyl
- Has basement: No
Interior area
- Total structure area: 1,272
- Total interior livable area: 1,272 sqft
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Patio & porch: Front Porch
- Has view: Yes
- View description: Mountain(s), Winter
Lot
- Size: 2.43 Acres
- Features: Level, Rolling Slope, Wooded, Views
Details
- Additional structures: Outbuilding, Shed(s)
- Parcel number: 972238543600000
- Zoning: OU
- Special conditions: Standard
- Horse amenities: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl
- Foundation: Crawl Space, Pillar/Post/Pier
- Roof: Composition
Condition
- New construction: No
- Year built: 2020
Utilities & green energy
- Sewer: Septic Installed
- Water: Shared Well
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: None
Location
- Region: Alexander
- Elevation: 2000 Feet
Financial & listing details
- Price per square foot: $256/sqft
- Tax assessed value: $165,200
- Annual tax amount: $2,193
- Date on market: 11/3/2023
- Cumulative days on market: 4 days
- Listing terms: Cash,Conventional
- Exclusions: N/A
- Tenant pays: Electricity
- Road surface type: Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 4/25/2024 | Sold | $326,000+8.7%$256/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4084708 Report a problem | ||
| 11/7/2023 | Pending sale | $300,000$236/sqft |
Source: Canopy MLS as distributed by MLS GRID #4084708 Report a problem | ||
| 11/3/2023 | Listed for sale | $300,000$236/sqft |
Source: Canopy MLS as distributed by MLS GRID #4084708 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,193 +53.8% | $283,500 +47% |
| 2024 | $1,426 +19.9% | $192,800 +16.7% |
| 2023 | $1,189 +9.1% | $165,200 |
| 2022 | $1,090 -14.6% | $165,200 |
| 2021 | $1,277 +0.2% | $165,200 +7.3% |
| 2020 | $1,275 +2.1% | $154,000 |
| 2019 | $1,248 +274.8% | $154,000 +1.4% |
| 2018 | $333 +8.7% | $151,800 +60.1% |
| 2017 | $306 -22.9% | $94,800 |
| 2016 | $397 -63.9% | $94,800 |
| 2015 | $1,102 -3.7% | $94,800 |
| 2014 | $1,144 | $94,800 |
| 2013 | -- | $94,800 -3.1% |
| 2012 | -- | $97,800 |
| 2011 | -- | $97,800 |
| 2010 | -- | $97,800 |
| 2009 | -- | $97,800 |
| 2007 | -- | $97,800 |
| 2006 | -- | $97,800 +37.7% |
| 2005 | -- | $71,000 |
Find assessor info on the county website
Neighborhood: 28701
Nearby homes
- $323,1003 bd2 ba1k sqft5 Ian Trl, Alexander, NC 28701Off Market
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- $463,9003 bd2 ba1.7k sqft27 Sweet Pea Dr, Alexander, NC 28701Off Market
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- $405,3003 bd2 ba1.2k sqft249 Curtis Miles Rd, Alexander, NC 28701Off Market
Nearby schools
GreatSchools rating
- 6/10North Windy RidgeGrades: 5-6Distance: 4.6 mi
- 9/10North Buncombe MiddleGrades: 7-8Distance: 4.1 mi
- 6/10North Buncombe HighGrades: PK,9-12Distance: 4.8 mi
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- North Carolina
- Buncombe County
- Alexander
- 28701
- 14 Sweet Pea Dr
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