Mobile Home Park Investment
For Sale
$1,500,000
1150 Garretts Way NE, Leland, NC 28451
MULTI_FAMILY - Leland, NC
Property Size5,000 SF
Lot Size5.93 Acres
Price / SF$300
Days on Market294
Property Features for 1150 Garretts Way NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Co-R-6000
Subdivision
Not In Subdivision
Lot features
Open Lot, Wooded
Directions
From Hwy 17 - Turn onto Lanvale Road, go 2.6 mi, them make right onto King Rd NE. Go .21mi. parcel is on the right. From Hwy 74 - Take the Mt.Misery/Lanvale Rd NE Leland Exit. Go 1.33mi. Turn left onto King Rd NE. Go .21 mi. The parcel is on the right.
Standard status
Active
APN
0370002402
Size
5,000 SF
Lot size
5.93 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
T-3 5.93 Ac Strickland Estates Pl 26/306
Legal Description
T-3 5.93 Ac Strickland Estates Pl 26/306
Utilities
Heating system
Electric (Heating)
Building Details
Number of units
7
Listing Agency:
East Atlantic Realty LLC
(704) 962-2077
Listed By:
Adam Hashem · License #318849
(704) 962-2077
Added: Oct 15, 2025
Changed: Apr 15
Last Checked: Aug 4 at 2:06AM
MLS# 100536239
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This investment opportunity is located 8 minutes from the Leland Walmart and U.S. Highway 17, in a rapidly growing coastal North Carolina corridor. 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 roughly $6,000 per month in rent, with potential for increased revenue, as current rents are below market rates. Similar 2-bedroom units in the area rent for $1,000-$1,250 per month. The property offers expansion potential, as the land was once a 15-lot mobile home park. 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.
Key Highlights
- Seller financing available, making this an accessible investment opportunity.
- Income‑producing property generating approximately $6,000/month in rent.
- Located in a rapidly growing area of coastal North Carolina, near Leland Walmart and U.S. Highway 17.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Explore this area
Business Placement
Demographics for 28451, NC
39,025
Population
19,672
Households
2
Avg Household Size
48
Median Age
34%
College-Educated
92%
High-School Grad
172.2 sq mi
ZIP Area
227
Density / Sq Mi
$77,380
Median Household Income
$41,164
Median Earnings
$1,465
Median Rent
$315,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
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, making this an accessible investment opportunity.; Income‑producing property generating approximately $6,000/month in rent.; Located in a rapidly growing area of coastal North Carolina, near Leland Walmart and U.S. Highway 17.
