Hamlet · Hamlet, NC
134 Duncan Road
Hamlet, NC · 980 sqft
$124,900
- 3Beds
- 2Baths
- 980SqFt
- 1979Year
- 1Days on market
About this home
BLANK SLATE MHP | HIGH-YIELD REAL ESTATE VALUE-ADD OPPORTUNITY! Located in the growth primed Richmond County corridor (Hamlet, NC), this Mobile Home Park sits ready for a complete modern repositioning. Originally set up for 5 lots. The owner did not complete the 5th addition. Septic and site plans for the 5th lot are in place. 4 lots already have old mobiles on them and need to be removed. Property is ideal for used mobiles, and surrounded by a bustling rental market with market rents between $1k to $1200 per month for 2 and 3 bedroom mobile homes. With those numbers this property post full renovation could gross $5k to $6k monthly! This is an excellent opportunity for experienced MHP owners to grab a small yet powerful value add for their portfolio.
Disclaimer: All statements made in regards to potential profitability are based solely upon the specific use of said property. The listing agent gives no guarantees as to the aforementioned potential of said property. All potential buyers should practice due diligence in any/all real estate purchases.
Property details
- Beds
- 3
- Baths
- 2
- SqFt
- 980
- Lot
- —
- Year built
- 1979
- Type
- Single Family
- Days on market
- 1
- Heating
- None
- Cooling
- N/A
- Foundation
- Other - See Remarks
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$919/ month
- Principal & interest
- $773
- Property tax (~1.05%)
- $109
- Homeowners insurance
- $36
- HOA dues
- —
Down payment
$6,245 down · $118,655 financed
Income to qualify (28% rule)
~$39,396 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.