161 Longbranch Rd

Statesville, NC 28677

$325,000
Last Sold Price
10
Beds
3,880 Sq. Ft.
$84 / Sq. Ft.
3,880
Sq. Ft.
$84
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 6/16/23
Closed 6/16/23
a house view with a garden space
a view of a building with windows
a close up of a wall with a door
a white house covered with tall trees
a backyard of a house with barbeque oven and outdoor seating
a backyard of a house with potted plants and large tree
a backyard of a house with barbeque oven and garden

Description

5 unit portfolio in West Iredell! Portfolio consists of 5 manufactured singlewide homes. Each unit has its own parcel. Every home is rented out on a month to month basis. Units are bringing in $2,900/mo. This could possibly work as a value add investment or you could roll with it as it is with a 9%-10% cap rate. The neighborhood is quiet and there is new construction going up on the same road as the units. All but 1 of the trailers are on a permanent foundation. The owner has the titles for all of...5 unit portfolio in West Iredell! Portfolio consists of 5 manufactured singlewide homes. Each unit has its own parcel. Every home is rented out on a month to month basis. Units are bringing in $2,900/mo. This could possibly work as a value add investment or you could roll with it as it is with a 9%-10% cap rate. The neighborhood is quiet and there is new construction going up on the same road as the units. All but 1 of the trailers are on a permanent foundation. The owner has the titles for all of the units. A couple of the tenants have been there for 8+ years. If you're an investor looking for instant cash flow, this portfolio is definitely one to consider!
  1. Listed by Galleon Real Estate • josh@galleoncommercial.com

Property Details for 161 Longbranch Road

Parking Features
Driveway
LISTING UPDATED: 06/27/2023 04:29 PM

Property Details for 161 Longbranch Road

StatusClosed
MLS #4033470
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Portfolio
Year Built1990
Lot Size2.16 AC / 94,089 SF
CountyIredell County
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Location

Listing Courtesy of Galleon Real Estate

Sold By NC Properties 101

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Building Information for 161 Longbranch Road

Stories-Residences-Year Built1990Building Size-Lot Size2.16 AC / 94,089 SF

Payment Calculator

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$1,646 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,620

Property Taxes

$26

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 161 Longbranch Road

Summary
Location and General Information
  • Longitude: -80.9709851
  • Zoning: RA
  • Latitude: 35.7031117
Taxes and HOA Information
  • HOA Subject To: None
  • Tax Assessed Value: $187,490.00
  • Parcel Number: 4711-46-9722.000,4711-46-7598.000,4711-46-8692.000
  • City Taxes Paid To: No City Taxes Paid
School Information
  • Middle Or Junior School: Unspecified
  • High School: Unspecified
  • Elementary School: Unspecified
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
  • Garage YN: No
  • Garage Main Level YN: No
Property
Lot Information
  • Below Grade Finished Area: 0.0
  • Lot Size Units: Acres
  • Property Type: Residential Income
Property and Assessments
  • Geocode Confidence: High
  • New Construction YN: No
  • Photos Count: 7
  • Road Responsibility: Publicly Maintained Road
  • Construction Type: Manufactured
  • Assumable: No
  • Senior Community YN: No
Green Features
  • Green Verification Count: 0
Utilities
  • Sewer: Septic Installed
  • Water Source: Shared Well
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl
  • Road Surface Type: Gravel
Interior Features
  • Appliances: Refrigerator
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Foundation Details: Permanent, Other - See Remarks
  • Basement YN: No
Multi Family
Multi-Family Information
  • Unit Type: Manufactured Home
  • Number Of Units Total: 5
Rental
Rent Information
  • Tenant Pays: All Utilities
  • Pets Allowed: Yes

Property History for 161 Longbranch Road

DateEvent & SourcePriceAppreciation
Jun 16, 2023

Closed

CANOPY #4033470

$325,000—
May 22, 2023

Listed (Active)

CANOPY #4033470

$375,000—
DateEvent & SourcePrice
06/16/2023

Closed

CANOPY #4033470

$325,000
05/22/2023

Listed (Active)

CANOPY #4033470

$375,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 161 Longbranch Road

Taxable ValueLand$30,000Additions$12,490Total$42,490
Tax Record2025$315 ($26 / month)
Home Facts
Baths2Total Finished SqFt700 SqFtAbove Grade Finished SqFt700 SqFtStories1Lot Size21,200 SqFtStyleMobile / Manufactured HomeYear Built1990ZoningRACountyIREDELLAPN4711-45-8796.000Fireplace TypeHas Fireplace

Schools near 161 Longbranch Road

This home is within Iredell-Statesville School District.
Rating
School
Type
Grades
Distance
Celeste Henkel Elementary School
Public - PK to 5
West Iredell Middle School
Public - 6 to 8
West Iredell High School
Public - 9 to 12
Discovery Program at The Springs
Public - PK to 12
Rating
School
Distance
Celeste Henkel Elementary School
PublicPK to 5

West Iredell Middle School
Public6 to 8

West Iredell High School
Public9 to 12

Discovery Program at The Springs
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Galleon Real Estate

Based on information submitted to the MLS GRID as of 06/27/2023 04:29 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.