$1,500,000

1150 Garretts Way Ne, Leland, NC, 28451

5.93

Acres

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.

Listing Details

OfficeEast Atlantic Realty LLC

Facts & Features

MLS® # 100536239
Price $1,500,000
Acres 5.93
Type Commercial Sale
Sub-Type Multi Family
Status Active

Community Information

Address 1150 Garretts Way Ne
Subdivision Not In Subdivision
City Leland
County Brunswick
State NC
Zip Code 28451
Senior Community No

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Electric
Fireplace No

Exterior

Lot Description Open Lot, Wooded

Additional Information

Date Listed October 15th, 2025
Days on Market 2
Zoning Co-R-6000
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Map

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