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
Copyright 2024 NCRMLS. All rights reserved. North Carolina Regional Multiple Listing Service, (NCRMLS), provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. NCRMLS will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of NCRMLS.