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  • $350,000

    3686 Cook Rd W, Valdese, NC 28690

    2beds
    --sqft
    : 
    $2,205/mo
    Get pre-qualified
    Multi Family
    Built in ----
    -- sqft lot
    $242,100 Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Discover the income-producing potential of 3686 Cook Rd W, Valdese, NC! Situated on approximately 2.44 acres, this established 5-unit mobile home park offers immediate rental income along with exciting possibilities for future growth. Each of the five units features 2 bedrooms and 1 bathroom, with an average monthly rent of approximately $750 per unit—providing an estimated $3,750 in gross monthly rental income at full occupancy. Each unit is separately metered for water and electricity, helping simplify utility management for the property owner. The property is currently configured with two units per septic system. What really sets this investment apart is the potential for expansion. Approximately half of the 2.44-acre property remains undeveloped, creating the possibility for additional units or other future development, subject to county approvals, zoning, septic capacity, and other applicable requirements. Whether you're looking to add an established income-producing property to your portfolio or searching for an investment with room to grow, 3686 Cook Rd W offers both current cash flow and future potential. 5 Rental Units • 2 BR / 1 BA Each • Approx. 2.44 Acres • Separately Metered Utilities • Approx. $3,750 Gross Monthly Rent at Full Occupancy • Potential for Additional Development
    15 days
    140
    12

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Allen Curtis AllenKCurtis@gmail.com,

    C Shane Cook & Associates

    Source: Canopy MLS as distributed by MLS GRID,MLS#: 4419474MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 5
      Heating
      • Electric
      Cooling
      • Electric
      Appliances
      • Included: Other
      • Laundry: Other
      Features
      • Has basement: No
      Interior area
      • Finished area above ground: 0
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Driveway
      • Has uncovered spaces: Yes
      Lot
      • Size: 2.44 Acres
      Details
      • Parcel number: 2723611317
      • Zoning: County R2
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Aluminum
      • Foundation: Crawl Space
      Condition
      • New construction: No

      Utilities & green energy

      • Sewer: Septic Installed
      • Water: Public

      Community & HOA

      Location
      • Region: Valdese

      Financial & listing details

      • Tax assessed value: $175,571
      • Annual tax amount: $1,150
      • Date on market: 8/31/2026
      • Tenant pays: All Utilities
      • Road surface type: Asphalt, Paved

        Estimated market value

        $242,100

        $211,000 - $274,000

        $1,406/mo

        Price history

        DateEventPrice
        8/31/2026Listed for sale$350,000+169.2%
        Source: Canopy MLS as distributed by MLS GRID #4419474 Report a problem
        10/8/2021Sold$130,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,150 -0.8%$175,571
        2024$1,159 $175,571
        2023$1,159 +217.4%$175,571 +271.7%
        2022$365 $47,231
        2021$365 $47,231
        2020$365 -31.8%$47,231
        2019$535 +56.6%$47,231 +6.8%
        2018$342 +2%$44,231
        2017$335 $44,231
        2016$335 $44,231
        2015$335 $44,231
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 28690

        Getting around

        6 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Drexel
        • Middle: Heritage
        • High: Jimmy C Draughn

        Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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