5929 Mourglea AvenueConnelly Springs, NC 28612
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$1,414Reduced $309,900. Located just south of Rutherford College & Valdese, this desirable investment property offers both immediate income & long-term potential. The property includes four well-maintained 1990s singlewide mobile homes, each thoughtfully updated by the current owner. These units currently generate $3,200/month ($38,400/year) in rental income, with room for increased returns. Recent improvements across the homes include: carpet, flooriing, paneling, paint, interior & exterior doors, vanities & toilets, water heaters & many appaliances. Each home is equipped with a heat pump, making them more attractive to quality tenants. The landlord currently handles lawn care, provides town water, & maintains a shared dumpster. Tenants are responsible for all other utilities. Each unit is on its own septic system. Set in a scenic location at the foot of Mineral Springs Mountain, just outside the town limits. Properties are tenant occupied. Please allow at least 24 hours for showings. The landlord will ask a tenant or 2 to accommodate showings. Additional units may be shown to serious, qualified buyers. Landlord is looking to retire.
| a week ago | Status changed to Active | |
| a week ago | Listing updated with changes from the MLS® | |
| 2 months ago | Price changed to $309,900 | |
| 5 months ago | Listing first seen on site |
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Last checked - 2026-01-15 07:49 PM UTC
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