198 Sycamore RD Pending Save Request In-Person Tour Request Virtual Tour
Southport,NC 28461
Key Details
Property Type Commercial
Sub Type Modular
Listing Status Pending
Purchase Type For Sale
Square Footage 924 sqft
Price per Sqft $487
Subdivision Boiling Spring Lakes
MLS Listing ID 100538455
Style Steel Frame
HOA Y/N No
Year Built 1985
Annual Tax Amount $210
Lot Size 10,237 Sqft
Acres 0.23
Lot Dimensions 70x149x69x148
Property Sub-Type Modular
Source Hive MLS
Property Description
Excellent opportunity to acquire a fully rented four-property portfolio in Boiling Spring Lakes, NC. All four properties are manufactured homes taxed as real property, offering a combined monthly rental income of $4,600 (annual gross income of $55,200). The portfolio includes: 281 Holly Dr (PID 142GF01912): 3 BR / 1.5 BA - Rented for $1,200/mo; 198 Sycamore Rd (PID 142GH001): 2 BR / 1.5 BA - Rented for $1,200/mo; 53 Elm St (PID 142JE003): 2 BR / 2 BA - Rented for $1,200/mo; 69 Elm St (142JE00403): 2 BR / 1 BA - Rented for $1,000/mo. Each home is individually listed on the residential MLS but being sold together as a package. Tenants are in place, providing immediate cash flow and low turnover risk. Boiling Spring Lakes is a growing community offering desirable amenities such as a community center, multiple parks, boat and kayak launches, walking trails, a public golf course, and more, supporting strong rental demand and long-term investment stability. This portfolio represents a turnkey, income-producing opportunity with consistent performance and upside potential in one of Brunswick County's most affordable and accessible rental markets.
Location
State NC
County Brunswick
Community Boiling Spring Lakes
Zoning Bs-R-5
Direction 17s to 87s to Boiling Springs Lakes, Take left onto E Boiling Spring Rd to Sycamore
Interior
Heating Electric,Heat Pump
Cooling Central Air
Flooring LVT/LVP,Carpet
Exterior
Parking Features Unpaved,Off Street
Roof Type Membrane
Building
Lot Description See Remarks
Sewer Septic Tank
Water Municipal Water
New Construction No
Others
Tax ID 142gh001
Acceptable Financing 1031 Exchange,Cash
Listing Terms 1031 Exchange,Cash