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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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3686 Cook Rd W , Valdese, NC 28690
$350,000
Est. Payment: $777.78/mo
10 Bed
5 Bath
0 Sqft
Status: Active | Days on site: 17
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CV90870 - CV71376
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House Description

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

Highlights

Listed by Allen Curtis , 828-443-7318 C Shane Cook & Associates , 828-437-7400.

Property Type

Multi-Family

Lot/Acreage
2.44

Year Built

9999

County

Burke

Listing ID

4419474

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:10
  • Bathrooms:5
  • Full Bathrooms:5
Air Cond:Electric
Fireplaces:
Above Ground Sq Ft:0
Below Ground Sq Ft:0
Water:Public

Exterior Features

Sewer:Septic Installed
Parking Features:Driveway
Principal Interest
$778
Taxes
$223

Home Price

$350,000

Loan Details

30 yrs
%

Down Payment

20%
$70,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$777.78

Principal

Taxes

Principal Taxes HOA Total
Monthly $777.78 $223.13 $0.00 $1,000.90
Yearly $9,333.33 $2,677.50 $0.00 $12,010.83
Total $280,000.00 $80,325.00 $0.00 $360,325.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Valdese, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.