Active
10 beds
3686 Cook Rd, Valdese, NC 28690
Est: $1,875/moGet pre-approved
Multi FamilyProperty Type
2.44 acresLot Size
9999Year Built

Description

Discover the income-producing potential of 3686 Cook Rd W, Valdese, NC! Situated on approximately 2.44 acres, this established 5-unit mobile home park offers immediate rental income along with exciting possibilities for future growth. Each of the five units features 2 bedrooms and 1 bathroom, with an average monthly rent of approximately $750 per unit—providing an estimated $3,750 in gross monthly rental income at full occupancy. Each unit is separately metered for water and electricity, helping...Discover the income-producing potential of 3686 Cook Rd W, Valdese, NC! Situated on approximately 2.44 acres, this established 5-unit mobile home park offers immediate rental income along with exciting possibilities for future growth. Each of the five units features 2 bedrooms and 1 bathroom, with an average monthly rent of approximately $750 per unit—providing an estimated $3,750 in gross monthly rental income at full occupancy. Each unit is separately metered for water and electricity, helping simplify utility management for the property owner. The property is currently configured with two units per septic system. What really sets this investment apart is the potential for expansion. Approximately half of the 2.44-acre property remains undeveloped, creating the possibility for additional units or other future development, subject to county approvals, zoning, septic capacity, and other applicable requirements. Whether you're looking to add an established income-producing property to your portfolio or searching for an investment with room to grow, 3686 Cook Rd W offers both current cash flow and future potential.
5 Rental Units • 2 BR / 1 BA Each • Approx. 2.44 Acres • Separately Metered Utilities • Approx. $3,750 Gross Monthly Rent at Full Occupancy • Potential for Additional Development
9 days on Market
  • Listed by: • C Shane Cook & Associates AllenKCurtis@gmail.com
Last updated: 08/31/2026 01:58 PM • Source: CANOPY, MLS#: 4419474

Location

Listing Courtesy of C Shane Cook & Associates
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Payment Calculator

$1,875 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,779

Property Taxes

$96

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 3686 Cook Road

Property Details
  • MLS Type: Residential Income / Fiveplex
  • County: Burke County
  • Parking Features: Driveway
Building Information
  • Year Built: 9999
  • Lot Size: 2.44 AC / 106,286 SF
Summary
Location and General Information
  • Longitude: -81.60760995
  • Latitude: 35.73171528
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • Tax Assessed Value: $175,571.00
  • Parcel Number: 2723611317
  • City Taxes Paid To: No City Taxes Paid
School Information
  • Middle Or Junior School: Heritage
  • High School: Jimmy C Draughn
  • Elementary School: Drexel
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
  • Garage YN: No
  • Garage Main Level YN: No
Property
Lot Information
  • Above Grade Finished Area: 0.0
  • 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: 8
  • Road Responsibility: Private Maintained Road
  • Construction Type: Manufactured
  • Assumable: No
  • Senior Community YN: No
Utilities
  • Sewer: Septic Installed
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Aluminum
  • Pool Private YN: No
  • Road Surface Type: Asphalt, Paved
Interior Features
  • Appliances: Other
  • Cooling: Electric
  • Heating: Electric
  • Laundry Features: Other - See Remarks
  • Foundation Details: Crawl Space
  • Basement YN: No
Multi Family
Multi-Family Information
  • Unit Type: 2 Bedroom
  • Number Of Units Total: 5
Rental
Rent Information
  • Tenant Pays: All Utilities
  • Pets Allowed: No

Property History for 3686 Cook Road

DateEvent & SourcePriceAppreciation
Aug 31, 2026

Listed (Active)

CANOPY #4419474

$350,000
Oct 8, 2021

Closed (Public Record)

Public Record #1474306275

$130,000
DateEvent & SourcePrice
08/31/2026

Listed (Active)

CANOPY #4419474

$350,000
10/08/2021

Closed (Public Record)

Public Record #1474306275

$130,000

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

Public Records for 3686 Cook Road

Taxable ValueLand$137,571Additions$38,000Total$175,571
Tax Record2025$1,150 ($96 / month)
Home Facts
Lot Size106,286 SqFtStyleMiscellaneousZoningRESIDENTIACountyBURKEAPN11615

Schools near 3686 Cook Road

This home is within Burke County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Drexel Primary
PublicPK to 5

Heritage Middle
Public6 to 8

Jimmy C. Draughn High School
Public9 to 12

Hallyburton Academy
Public6 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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Explore Nearby Homes

3686 Cook Road is a multi-family home for sale in Valdese, NC 28690. This property was listed for sale on August 31, 2026 by C Shane Cook & Associates, it's currently listed at $350,000. It has been on the market for a total of 9 days and was last sold on October 8, 2021. This listing's school district is Burke County School District. Nearby schools include Drexel Primary, Heritage Middle and Jimmy C. Draughn High School. 3686 Cook Road is a 10-bed, 5-bath multi-family home built in 9999.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of C Shane Cook & Associates

Based on information submitted to the MLS GRID as of 08/31/2026 01:58 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.