1150 Garretts Way NE

About this home

Discover this rare, seller financing, investment opportunity just 8 minutes from the Leland Walmart and U.S. Highway 17 — ideally located in one of the fastest-growing corridors in coastal North Carolina. Situated on 5.93 acres, this property currently includes 7 park-owned mobile homes, all tenant-occupied with long-term residents. Each home is separately metered for public utilities, providing steady cash flow and minimal management headaches. The park generates roughly $6,000/month in rent, with room for upside as current rents are below market — similar 2-bedroom units in the area rent for $1,000-$1,250/month. With titles in hand and most units from the 1990s, this is a well-positioned, income-producing asset that also offers expansion potential. The land was once a 15-lot mobile home park, and 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, making this a smooth handoff for new ownership.

Facts

Type

Multi Family

Lot

5.93 acres

County

Brunswick

MLS #

100536239

Features

About 1150 Garretts Way NE

1150 Garretts Way NE is a home, on 5.93 acres, Leland, Brunswick County, NC 28451.

It has been on the market for 343 days.

Homes for sale in LelandBrunswick County homes

Buying 1150 Garretts Way NE

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