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198 Sycamore Road, Southport, NC 28461
$450,000
Property Type:
Comm Sale or Lease
Square Footage:
924
Lot Size (sq. ft.):
10,237
Status:
Pending
Current Price:
$450,000
List Date:
10/28/2025
Last Modified:
12/03/2025
Description
Excellent opportunity to acquire a fully rented four-property portfolio in Boiling Spring Lakes, NC. All four properties are manufactured homes taxed as real property, offering a combined monthly rental income of $4,600 (annual gross income of $55,200). The portfolio includes: 281 Holly Dr (PID 142GF01912): 3 BR / 1.5 BA - Rented for $1,200/mo; 198 Sycamore Rd (PID 142GH001): 2 BR / 1.5 BA - Rented for $1,200/mo; 53 Elm St (PID 142JE003): 2 BR / 2 BA - Rented for $1,200/mo; 69 Elm St (142JE00403): 2 BR / 1 BA - Rented for $1,000/mo. Each home is individually listed on the residential MLS but being sold together as a package. Tenants are in place, providing immediate cash flow and low turnover risk. Boiling Spring Lakes is a growing community offering desirable amenities such as a community center, multiple parks, boat and kayak launches, walking trails, a public golf course, and more, supporting strong rental demand and long-term investment stability. This portfolio represents a turnkey, income-producing opportunity with consistent performance and upside potential in one of Brunswick County's most affordable and accessible rental markets.
More Information MLS# 100538455
Building/Ext Features
Lot Acres: 0.23
Lot SqFt: 10237
Lot Dimensions: 70x149x69x148
Location Type: Mainland
Contract Info
Available Date: 2025-10-28
Delayed Marketing?: No
Sub-Type: Modular
Garage: N/A
Sale/Lease: Sale
List Price/SqFt: 487.01
Stipulation of Sale: Standard
Status: Pending
Marketing Start Date: 2025-10-28
Listing Price: 450000
Current Price: $450,000
Location Information
City Limits: Yes
Marketing City: Southport
Secondary Subdivision: N/A
Street #: 198
Street Name: Sycamore
Street Suffix: Road
County: Brunswick
State/Province: NC
Zip Code: 28461
Subdivision: Boiling Spring Lakes
Geo Lat: 34.055148
Geo Lon: -78.043349
Remarks and Showing
Sign on Property: No
Directions to Property: 17s to 87s to Boiling Springs Lakes, Take left onto E Boiling Spring Rd to Sycamore
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 42050
Deed Book: 5060
Deed Page: 348
Legal: L-227 Ext 1 S-1 Bsl
Broker Owner: No
PID: 142GH001
Tax Identifier: 142gh001
Plat Book: H
Plat Page: 336
Total Real Estate Property Taxes: 210.51
Special Assessments: N/A
Tax Year: 2025
Zoning: Bs-R-5
HOA: No
Cobra Zone: No
Year Built: 1985
Business Type
Other: 1
Current Use
Manufactured Home: 1
Construction
Steel Frame: 1
Exterior Finish
Aluminum Siding: 1
Terms
1031 Exchange: 1
Cash: 1
Flooring
Carpet: 1
LVT/LVP: 1
Parking Features
Dirt: 1
Off Street: 1
Sale/Lease Includes
Buildings: 1
Land: 1
Roof
Membrane: 1
Road Type/Frontage
Paved: 1
Public (City/Cty/St): 1
Cooling
Central Air: 1
Location
Residential: 1
Heating
Heat Pump: 1
Heating System Fuel Source
Electric: 1
Water Heater
Electric: 1
Water Source
Municipal Water: 1
Sewer
Septic Tank: 1
Financial Info
Gross Income: 55200
Insurance Expense: 4235
BuildingExt Features
SqFt - Heated (Primary): 924
Status Change Info
Under Contract Date: 2025-11-04
Property Features
Business Type: Other
Construction: Steel Frame
Exterior Finish: Aluminum Siding
Flooring: Carpet; LVT/LVP
Parking Features: Dirt; Off Street
Roof: Membrane
Current Use: Manufactured Home
Location: Residential
Cooling: Central Air
Heating: Heat Pump
Heating System Fuel Source: Electric
Water Heater: Electric
Sewer: Septic Tank
Water Source: Municipal Water
Terms: 1031 Exchange; Cash
Listing Office:
Salt and Stone Property Group
IDX
Last Updated: December - 03 - 2025
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