**Please read ALL info below**
10 Property Mobile Home Package Deal! ALL Properties + land are Owned by Seller / Would be owned by you!
ALL properties are deeded separately & on separate parcels!
Tenants ONLY rent the mobile homes. The land & mobile homes are owned by the seller.
Asking price: $750,000. Open to offers!
Current Rent: $9,000 per month
Gross Rents Annually: $108,000
Closing Date: 12/01/25
DD Due at Signing: $15,000
Combined Land: 2.7013 acres in total!
Combined Annual Property Taxes: $12,260.58 per year
Estimated Market Rent: $13,000-$15,000 per month
Estimated Market Rent Annually: $156,000 – $180,000
Photos – https://drive.google.com/drive/folders/1yv0jskVJw-Cp5c31LnYY9rBxxBluUK_0
All month to month leases that signed in June
Tenants pay for water, electric and trash
City Water & Sewer all properties
No rent roll or P & L to share. Owner is 80+ years old and keeps pen & paper records.
**Do not disturb the current tenants.**
Addresses:
1. 422 Mitchell Ave Franklinton, NC 27525 – Rent $750. Built in 1974. Singlewide
2. 424 Mitchell Ave Franklinton, NC 27525 – Rent $1,000. Built in 1960. Singlewide
3. 426 Mitchell Ave Franklinton, NC 27525 – Rent $600. Built in 1974. Doublewide
4. 426 1/2 Mitchell Ave Franklinton, NC 27525 – Rent $600. Built in 1975. Doublewide
5. 1 Mitchell Ln, Franklinton, NC 27525 – Rent $1,000. Built in 1974. Doublewide
6. 125 Allen Ave Franklinton, NC 27525 – Rent $1,000. Built in 1973. Singlewide
7. 129 Allen Ave Franklinton, NC 27525 – Rent $1,000. Built in 1982. Singlewide
8. 131 Allen Ave Franklinton, NC 27525 – Rent $1,200. Built in 1998. Doublewide
9. 133 Allen Ave Franklinton, NC 27525 – Rent $850. Built in 1990. Doublewide
10. 139 Allen Ave Franklinton, NC 27525 – Rent $1,000. Built in 1985. Singlewide
**NO seller financing**
VIP Buyer Offer Form
Please submit your Highest and Best Offer as we often get more than the asking price on our deals!
Disclaimer: (please read this)
This is an assignment of contract. A legally binding purchase contract with a memorandum has been signed with the Seller giving this company exclusive rights to purchase the property. This company does not represent the owner. We are not broker(s) nor realtor(s) and are not representing ourselves as such. Do not contact the Seller without our explicit written consent. Any attempt to contact the owner directly, interfere or circumvent our active contract will result in legal action. Lastly, this property is not to be re-marketed under any circumstances without written consent from our team, along with the execution of a joint venture agreement.
Buyers are to do their own due diligence. We are not licensed agents and are not acting as such, please use appropriate counsel before submitting an offer. If your offer is accepted, we require a minimum of a $5,000 non-refundable deposit due within 24 hours of signing to secure the deal. Closing will be as fast as possible for all parties involved but not longer than 30 calendar days.
Buyer will pay all closing costs associated with the transaction. Closing costs are NOT included in the asking price listed. Taxes will be prorated and split between parties. Closing will be performed with our closing attorney. This property is being offered as-is, where-is without warranty. By submitting an offer on this property you are accepting these terms. No repairs or improvements will be made prior to close. No clean out or clean up – in or around the property – will be completed prior to closing. Please do not expect the property to be “broom clean” at closing.
Realtors/Wholesalers: If you are currently working with a client, and wish to receive a commission/fee, please note that the wholesale price does not include your commission/fee. You may want to negotiate a commission/fee with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission/fee. If you’d like to be compensated by us at closing or outside of closing please reach out to us or include this information in your offer terms.