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13780 NC-210, Spring Lake, NC 28390

8 Bedrooms / 4 Baths / Single Family

Property Status: Available (Wholesale) |  For Sale: $130,000.00


Property Photos
13780 NC-210 (Image - 1)


GREAT RENTAL OPPORTUNITY IN SPRING LAKE WITH OVER $4,500/MONTH IN POTENTIAL INCOME!! PERFECT FOR A STRIP MALL OR GAS STATION!!


Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $130,000.00
Property Details:
8 Bedrooms / 4 Baths / Single Family
Property Style:
Ranch
Year Built:
1967
Basement:
No Basement
Owner / Agent:
Wholesale
Property Features:
No Property Features Listed.
Contact Info
New Western
(919) 397-0380

View on Individual's Website
Property Description:

13780 and 13711 NC 210 S, Spring Lake NC

The Property

It’s commercially zoned property with ability for multiple streams of income OR Future Commercial Development. (General Dollar across the street, storage facility down the road, etc.)

 

Permits

 

Currently holds an Active Permit, in good standing, for Woody's Mobile Home Park (grandfathered in for seven (7) lots). It is impossible to get new mobile home park approval these days- RARE FIND!

Land Size

2.55 Acres with over 560 feet of road frontage on NC210S. Just north of Fayetteville on main route between Lillington and Spring Lake/Fayetteville

ALSO includes an additional house on .55 ac lot across the street too! So over 3 acres of land with mobile homes and houses on it!

Tax Value

Tax value of both parcels AS IS combined is $292,000 !!!

What comes with land?

INCLUDES a total of

1.      Three (3) houses

2.      Seven (7) mobile home lots with full hook-ups, (3) lots have mobile homes on them

3.      (1) "Shop" with large carport/ work area and few shed structures.

Currently all connected to Harnett Co. water with one extra working water well on the property too

Septic systems currently in place with opportunity to connect to the County Sewer gravity system (35 feet off property line) OR high pressure sewer system at front of property (pump station needed for that one)

Previous owner ran a septic and grading company and lived on the property, so the septic systems were likely serviced regularly. Original owners for the 1960's.

"The White house"

- Approx 1965 - 1yr old roof,  5yr old HVAC system, and Vinyl siding.

- Approx 2000 sqft.  3 bedroom/2 bath, family, dining, kitchen and newer bath. Kitchen in very good shape. Old bath with severe rot recommended to just be removed completely (previous addition).

Small blue house -  approx 1967 - 600sqft 2bd/1 ba.  Very level solid home, decent roof, vinyl siding. Needs floor joists replacement and full updating in kitchen, bath, flooring.

Blue house across street. - 1967  800sqft 3bd/ 1 ba- Vinyl siding. Front bedroom floor joists have failed. Easy carpentry fix. Needs floor joist, beam replacement. Tax value of $54,000

The Shop - Has a large steel door on tracks and metal roof. There is an old mobile home built into the shop that was used for storage. Some repairs needed to the roof and wood. Simple fix. There is an electric meter, breaker box, separate address and numerous outlets throughout. Great rental for mechanic, contractor, landscaper, etc.

Return on Investment

Income potential

Lots if income potential for the property; and as the area grows, the commercial aspects will become more valuable too.

 - Mobile home lots (lot only) in area rent for approx $225 each just the dirt alone ($1575 potential for lot rent alone). Bring in used or new mobile homes and either rent them; or better yet, lease-purchase them to buyers and have established "owners" living there. With updated mobile homes you can get $700 a month in rent

-Updated mobile homes added ($4,900/ month)

- Mobile Homes renting just the dirt ($1575/mo)

- " the White house" with renovations - Conservatively ($1000/mo)

- Small Blue house (2bd/1ba) when renovated - Approx ($650/mo)

- Blue house across street when renovated (3bd/1ba) - Approx ($700/mo) 

- Rent "Shop" to mechanic or similar - Approx ($500+/mo) POTENTIALLY not included in rental income



Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

Triangle Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

Contact Us

Triangle Real Estate Investors Association

727 West Hargett Street, Suite 209
Raleigh, NC 27603
(919) 754-3904

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