$1,500,000

1150 Garretts Way NE, Leland NC, 28451

Price per sqft$300.00

Property size5,000 sqft

Property typeCommercial

Overview

Active

Listed Oct 15, 2025

Updated 4 weeks ago

Discover this rare, seller financing, investment opportunity just 8 minutes from the Leland Walmart and U.S. Highway 17 — ideally located in one of the fastest-growing corridors in coastal North Carolina. Situated on 5.93 acres, this property currently includes 7 park-owned mobile homes, all tenant-occupied with long-term residents. Each home is separately metered for public utilities, providing steady cash flow and minimal management headaches. The park generates roughly $6,000/month in rent, with room for upside as current rents are below market — similar 2-bedroom units in the area rent for $1,000-$1,250/month. With titles in hand and most units from the 1990s, this is a well-positioned, income-producing asset that also offers expansion potential. The land was once a 15-lot mobile home park, and with 5.93 acres of usable space, an investor could add additional homes and restore the park to its full capacity. The owner currently carries general liability insurance and is responsible for yard maintenance, making this a smooth handoff for new ownership.

Additional information

MLS^® ID: 100536239
Available since: October 16, 2025

Interior Features

Bathrooms: 0
Heating: Yes
Basement: No

Exterior Features

Lot Size: 5.93 Acres

Courtesy of East Atlantic Realty LLC with Adam Hashem,
Listing Contact: 704-962-2077

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Data last updated 3:21 AM UTC, 8/20/2026