Description
Wonderful investment opportunity! This nine unit park is sitting on just under 4 acres with beautiful mature trees. It has approximately 428 feet of frontage on Roscoe Howey Road to the north, and it is bordered to the west by Porter Drive. It is an outstanding location – surrounded by picturesque countryside and serene views. Plus, it is still very convenient to shopping, restaurants, and employment opportunities with Waxhaw being less than 6 miles away, downtown Monroe 6.7 miles, and 5 miles to Wesley Chapel Village Commons. It is located in sought after Union County school districts. The park is made up of two parcels 06-015-039 and 06-015-038. All nine mobile homes are park owned. Renters provide their own furnishings including washer & dryer, refrigerators are park owned. The property also consists of four storage buildings, and an insulated pump house that affords extra storage. A shared 150′ deep well serves the whole park, pump was just replaced in 2024. Each unit has its own septic tank. The tenants are responsible for mowing their own yards. Community has two street lights. The current owners have enjoyed having this property, and lovingly maintained it including extra plantings. They have repainted the units every five years, and applied Cool Seal to the roofs every three years. Owners have a list of reliable vendors that they will share. This park consistently operates at nearly 100% rented, with an established history of long term renters (average stay of over 5 years), and very quick turnover. At list price it has a Cap Rate of 7.5%. The rents are under market value, so there is potential for an even greater return. *PLEASE DO NOT DISTURB TENANTS.*
Address
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Address: 1717 Roscoe Howey Road, Waxhaw, North Carolina 28173
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City: Waxhaw
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State/county: NC
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Zip/Postal Code: 28173
Details
Updated on October 9, 2026 at 6:23 pm-
Property ID 4367822
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Price $1,590,000
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Property Size 7756 m²
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Bedrooms 20
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Bathrooms 14
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Year Built 1984
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Property Type Eightplex+, Residential Income
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Property Status Active, For Sale
Additional details
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Sewer Septic Installed
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Cooling Ceiling Fan(s), Central Air, Window Unit(s)
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Heating Central, Electric, Heat Pump
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County Union
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Property Type Residential Income
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Parking Driveway, Parking Space(s)
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Elementary School Western Union
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Middle School Parkwood
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High School Parkwood
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Contact Information
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- The Simpson Group Realty