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    1150 Garretts Way NE Leland, NC 28451

    For Sale
    $1,500,000

    MULTI_FAMILY - Leland, NC

    Property size:
    5,000 SF
    Lot size:
    5.93 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1150 Garretts Way NE

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    Co-R-6000
    APN
    0370002402
    Size
    5,000 SF
    Lot size
    5.93 Acres

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Number of units
    7

    East Atlantic Realty LLC (704) 962-2077

    Listing agent Adam Hashem (704) 962-2077 License #318849

    Listing date Nov 26, 2025

    Copyright © 2025 Hive MLS / Topsail Island Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mobile Home Park Investment Opportunity

    This investment opportunity is located just 8 minutes from the Leland Walmart and U.S. Highway 17, in a rapidly growing area of coastal North Carolina. The property, situated on 5.93 acres, includes 7 park-owned mobile homes, all tenant-occupied with long-term residents. Each home is separately metered for public utilities. The park generates approximately $6,000 per month in rent, with potential for increased revenue as current rents are below market rates for similar 2-bedroom units in the area. The property is a well-positioned, income-producing asset that also offers expansion potential. The land was previously a 15-lot mobile home park, and with 5.93 acres of usable space, there is an opportunity to add additional homes and restore the park to its full capacity. The owner currently carries general liability insurance and is responsible for yard maintenance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Auto Repair Shop Clothing Store Auto Parts Store Department Store Kitchen & Bath Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leland
    County
    Brunswick
    State
    North Carolina
    Longitude
    -78.051405
    Latitude
    34.234605

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    FAQs

    What type of property is this?
    Mobile home & RV park - Income-producing mobile home park with expansion potential in Leland, NC.
    Where is this mobile home & rv park located?
    The property is located at 1150 Garretts Way NE Leland, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Seller financing available, presenting a rare investment opportunity.; - Income-producing asset generating approximately $6,000/month in rent.; - Located in a fast-growing area of coastal North Carolina, 8 minutes from Leland Walmart and U.S. Highway 17.
    (704) 962-2077
    Request Owner's contact information
    1150 Garretts Way NE Leland, NC 28451
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    Leland, NC 28451
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1150 Garretts Way NE Leland, NC 28451
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