Mobile Home Park with 7
1150 Garretts Way Northeast Leland, NC 28451
1150 Garretts Way Northeast, Leland, NC, 28451
$1,500,000
For Sale
$1,500,000
Tenant-occupied park with seven separately metered mobile homes on park-owned lots.
Property Size5,000 SF
Lot Size5.93 Acres
Price / SF$300
Days on Market367
Property Features for 1150 Garretts Way Northeast
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 5.93 Acres
- Property subtype
- Commercial Sale / Multi Family
Listing agency
East Atlantic Realty LLC
(704) 962-2077
Listed by
Adam Hashem · License #318849
(704) 962-2077
Source
Compass
Added: Jul 20, 2025 Updated: Jul 20 at 4:34PM Checked: Jul 20 at 4:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of East Atlantic Realty LLC
Investment Insights
Based on property information with market context.
This mobile home park is being offered for sale with seller financing and currently includes seven park-owned mobile homes, all tenant-occupied with long-term residents. Each home is separately metered for public utilities, supporting stable, individual utility billing. The property is carried with general liability insurance and the owner is responsible for yard maintenance, which can help streamline transition for new ownership.
Located at 1150 Garretts Way Northeast in Leland, North Carolina, the park is described as about 8 minutes from the Leland Walmart and U.S. Highway 17. The asset sits on 5.93 acres of usable space, and the land was previously developed as a 15-lot mobile home park.
Current rent generation is described as roughly $6,000 per month, with the seller noting that current rents are below market compared to similar 2-bedroom units renting for $1,000–$1,250 per month. With the site’s history and acreage, the property may allow additional development of homes for increased occupancy.
Located at 1150 Garretts Way Northeast in Leland, North Carolina, the park is described as about 8 minutes from the Leland Walmart and U.S. Highway 17. The asset sits on 5.93 acres of usable space, and the land was previously developed as a 15-lot mobile home park.
Current rent generation is described as roughly $6,000 per month, with the seller noting that current rents are below market compared to similar 2-bedroom units renting for $1,000–$1,250 per month. With the site’s history and acreage, the property may allow additional development of homes for increased occupancy.
Key Highlights
- 5.93‑acre tenant‑occupied mobile home park with 7 park‑owned mobile homes
- All 7 homes are separately metered for public utilities
- Park generates about $6,000/month in rent (per provided remarks)
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - Tenant-occupied park with seven separately metered mobile homes on park-owned lots.
Where is this mobile home & rv park located?
The property is located at 1150 Garretts Way Northeast 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: 5.93‑acre tenant‑occupied mobile home park with 7 park‑owned mobile homes; All 7 homes are separately metered for public utilities; Park generates about $6,000/month in rent (per provided remarks)
