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
Active
$350,000
3686 Cook Rd W, Valdese, NC 28690
2beds
--sqft
Multi Family
Built in ----
-- sqft lot
$242,100 Zestimate®
$--/sqft
$-- HOA
What's special
- 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#: 4419474
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
| Date | Event | Price |
|---|---|---|
| 8/31/2026 | Listed for sale | $350,000+169.2% |
Source: | ||
| 10/8/2021 | Sold | $130,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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.Climate risks
Neighborhood: 28690
Nearby schools
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.




