Off Market $129k Cash
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206 Mitchell Trail Rd, Love Valley, NC
North Iredell County
Total of 1 acre, 400′ frontage on paved road
2 cabins, 8 RV sites
- Big Cabin: 2 bedrooms, 1 bathroom
- Small Cabin has room to add a bathroom
- 8 RV sites w/ electric & water
- Shower/bath house
- Horse Stable
- Public water supply
- Private septic (2-br permit 2004)
This 1 acre property consists of multiple ways to make a very high ROI at this price point. It literally backs up to Love Valley’s town center, horseback only, main street. In addition to this the property shares a property line with the Love Valley Rodeo Association’s arena. Rodeos and events run from early spring to early winter at the arena. You cannot get closer to the action in Love Valley than this piece of property!!
On this one acre (5 parcels total) is a one bedroom cabin, another two bedroom and one bath cabin, a shower house with restroom, a stable, and 8 RV pads with electrical and water hookups.
Figured at only 50% capacity based on previous rental rates, this has rented at $1,300 a month for the cabins and $2,000 a month for the RV pads. So a collective $3,300 a month at only 50% capacity!
Preparations were started on adding a bathroom to the one bedroom cabin but the owner was cut short on his plans and has decided to sell as-is. Estimated After Repair Value on this property is in the $350-$400k range based on the overall cash flow that can be generated when it is ran at it’s full potential.
Looking for a cash buyer who can close this property fast. Seller has several personal belongings that will be removed before or shortly after closing.
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Buyer pays all closing costs
$5,000 deposit (applied toward the purchase price)
Guaranteed clear title through closing Attorney
Have Questions? Want to inspect this property?
Call / Text Rochelle 704-765-4800
WE ONLY OFFER OUR PERSONALLY OWNED PROPERTIES OR ASSIGNABLE CONTRACTS
Property information presented above is believed to be accurate; buyer to perform due diligence