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9-Unit Multifamily Property

3845 Raleigh, Henderson, NC 27537

For Sale
New
$525,000

The property combines a three-bedroom house with eight manufactured homes and tenants who are willing to remain.

Property Size8,000 SF
Price / SF$65.63
Days on Market2

Property Features for 3845 Raleigh

General Information

Standard status Active
Size 8,000 SF
Property subtype Residential Income

Units

Unit Mix 1 x 3BR/2BA 1500 sqft house, 2 x doublewide mobile home, 6 x single wide home
Multifamily Units 9

Additional Details

Utilities to Site Yes
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $3,413

Amenities

Hardwood,Vinyl
true
12
21
Washer/Dryer Hookups
8000
Public
3
9
Driveway
Block,Raised

Building Details

Building Size 8,000 SF
Year Built 1948
Buildings 9
Listing Agency: Berkshire Hathaway HomeServices York Simpson Underwood Realty
Listed By: Tony Hall · License NC #107329
Source: Tonyhallassociates
Added: Nov 12 Changed: Nov 13 Last Checked: Nov 13 at 5:03PM

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 Berkshire Hathaway HomeServices York Simpson Underwood Realty

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This nine-unit residential property includes a 1,500-square-foot house with three bedrooms and two bathrooms, alongside two double-wide and six single-wide manufactured homes. County water serves the property. The reported cap rate is over 10%, with potential to increase.

Current long-term tenants are willing to stay. The portfolio consists of a mix of site-built and manufactured housing, with the house and eight manufactured homes comprising the nine rental units.

Key Highlights

  • Nine residential units: one house and eight manufactured homes
  • House offers 1,500 square feet, 3 bedrooms, and 2 bathrooms
  • Manufactured housing mix includes 2 double‑wide and 6 single‑wide homes

Property Analytics

Lease Details

9
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

246
Businesses Nearby

Demographics for 27537, NC

23,635
Population
10,764
Households
2.2
Avg Household Size
43
Median Age
19%
College-Educated
87%
High-School Grad
185.7 sq mi
ZIP Area
127
Density / Sq Mi
$52,345
Median Household Income
$35,228
Median Earnings
$915
Median Rent
$150,800
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - The property combines a three-bedroom house with eight manufactured homes and tenants who are willing to remain.
Where is this multifamily property located?
The property is located at 3845 Raleigh Henderson, NC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Nine residential units: one house and eight manufactured homes; House offers 1,500 square feet, 3 bedrooms, and 2 bathrooms; Manufactured housing mix includes 2 double‑wide and 6 single‑wide homes
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