NC > Southport > Boiling Spring Lakes
Southport, NC 28461,198 Sycamore RD
Southport, NC 28461,198 Sycamore RD
Southport, NC 28461,198 Sycamore RD
Southport, NC 28461,198 Sycamore RD
Southport, NC 28461,198 Sycamore RD
Southport, NC 28461,198 Sycamore RD
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Caroline Cooke

Caroline Cooke

+1(252) 341-1992
$ 450,000
Est. payment | /mo

924 SqFt

Save
$ 450,000
Est. payment | /mo
Save

924 SqFt

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

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

Water Public

New Construction No

Others

Tax ID 142gh001

Acceptable Financing 1031 Exchange, Cash

Listing Terms 1031 Exchange, Cash

Special Listing Condition Standard

Hive MLS / (NCRMLS) / Cape Fear Realtors
Listed by Salt and Stone Property Group

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Caroline Cooke
Caroline Cooke

Partner | Lic# 235067

+1(252) 341-1992

3208 Charles Blvd, Greenville, NC, 27858

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198 Sycamore RD