1150 Garretts Way NE, Leland, NC 28451

• 5,000 sqft

Property Description

Discover this rare, seller financing, investment opportunity just 8 minutes from the Leland Walmart and U.S. Highway 17 — ideally located in one of the fastest-growing corridors in coastal North Carolina. Situated on 5.93 acres, this property currently includes 7 park-owned mobile homes, all tenant-occupied with long-term residents. Each home is separately metered for public utilities, providing steady cash flow and minimal management headaches. The park generates roughly $6,000/month in rent, with room for upside as current rents are below market — similar 2-bedroom units in the area rent for $1,000-$1,250/month. With titles in hand and most units from the 1990s, this is a well-positioned, income-producing asset that also offers expansion potential. The land was once a 15-lot mobile home park, and with 5.93 acres of usable space, an investor could add additional homes and restore the park to its full capacity. The owner currently carries general liability insurance and is responsible for yard maintenance, making this a smooth handoff for new ownership.

Listing Status:

Active

Listing Office:

East Atlantic Realty LLC : 704-962-2077

MLS ID:

100536239

Interior

• Heating: Electric

Location

• Originating MLS: Hive MLS
• County: Brunswick

Lot

• Zoning: Co-R-6000T-3 5.93 Ac Strickland Estates Pl 26/3060370002402
• Current Use: Multi-FamilyMobile Home Park

Financial

• Source: Hive MLS

This listing courtesy of East Atlantic Realty LLC