1425 Farlow Rd 4 Unit Mobile Home Park $633,204 CAD ($158,301 CAD/Unit) Raleigh, NC 27603

Please read the entire description carefully. Detailed pricing information is at the bottom of the description. Four rental properties in Raleigh, NC (mobile homes on independent lots with no HOA restrictions) on sale for a total of 460K (At an average price of 115k each). All properties are right next to each other on the same street. These homes are currently rented to long term tenants that are responsible and decent people. Location of this area in Raleigh is very peaceful and surrounded by nature. Each home comes with its own 100 feet wide X 200 feet long lot (approximately half acre each)that has its own independent septic system on site. There are two wells to provide drinking water to these 4 properties. Lots of this size for this price with independent utilities and no HOA or city taxes are not available anymore in the city of Raleigh. Renters take care of their own utilities. Septic tanks are serviced regularly, I have maintenance records to provide for new roof work and servicing related to septic tanks. All current tenants are punctual with their rents. Landlord takes care of garbage bill and electricity to run the wells. Low county taxes(no city taxes). Picture showing rent and expenses breakdown is attached. Google map address of these properties are 1425 Farlow road, 1429 Farlow road, 1501 Farlow road, and 1507 Farlow road in the city of Raleigh(Wake county). This is a good investment opportunity for someone that wants to leave these properties as is for cash flow or add new mobile homes or even build a new modular/stick built homes in the future since all utilities are already established. This is an opportunity to own a mobile home park of your own inside the city limits of Raleigh. Approximately 2 acres of total land between 4 properties. Preference will be given to someone that wants to purchase all of these properties as a package deal. 1425 Farlow road home is priced at 130k, 1429 Farlow road home is priced at 100k(well on site), 1501 Farlow road home is priced at 110k, and 1507 Farlow road home is priced at 120k(well on site). On average these four properties combined are priced at 115 each(lots included) for a total price of 460k. All lots have their own independent septic system. ***I will pay 2% commission for your realtor. In case if there is no real estate agent involved, I will pass on that 2% credit(10k) to the buyer as a discount which will lower the total price to 450k. All tenants are on month to month leases and want to continue to rent. Closing attorney will take care of transferring current rental leases to the new buyer’s name at the time of closing along with their security deposits. If you are interested please leave a message. I will respond to any message within 24 hours. Please DO NOT DISTURB THE TENANTS. You are welcome to drive on this street to view these properties in person. No rental, lease to own, or seller financing options being considered at this time.(****New update: If you are interested in just two properties instead of all four, you can get the left two properties together that are located at 1425 Farlow road, and 1429 Farlow road for 230k or the right two properties together that are located at 1501 Farlow road, and 1507 Farlow road for the same price of 230k(Average price of each property is 115k. Lots are included). All four lots have their own independent septic systems. Water for the left two homes will come from the well located at 1429 Farlow road property. Water for the right two homes comes from the well located at 1507 Farlow road.)