Wholesale

Off Market Double Wide on Land Near Surf City

324 Cypress Ave, Holly Ridge, NC 28445

$220,000 After Repair Value -
$135,000 Asking Price -
$20,000 Cost of Repairs =
$65,000 Potential Profit

Property Details

Asking Price $135,000

After Repair Value $220,000

Costs of Repairs $20,000

Potential Profit $65,000

Living Area 1424 ft2

Property Type Mobile Home

Bedrooms 3

Bathrooms 2

Half Bathrooms 0

Parking 0

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $1,450

Yearly Expenses $4,500

Property Taxes $1,200

Net Operating Income $17,400

Cap Rate 9.5%

Property Description

Off-market investment opportunity in Holly Ridge, NC. 3 bed / 2 bath double-wide manufactured home (~1,424 sqft) on 0.26 acres of owned land. Built in 1969 and set on foundation in 1994. Roof replaced in 2021, new gutters installed, and several windows updated. Property features central HVAC, metal roof, covered deck, and carport. Home appears to need mostly cosmetic updates (paint, bedroom flooring, light updates). Strong flip or rental potential near Surf City and Topsail Island.

Repairs Needed

Property appears to be in generally solid condition with several updates already completed. Roof replaced in 2021, gutters updated, and partial flooring updates throughout the home. Remaining work is primarily cosmetic, including flooring in bedrooms, interior paint, and light updates to kitchen and bathrooms depending on buyer preference. HVAC and water heater are estimated 10+ years old but reportedly serviced regularly. Buyers should perform their own inspections and due diligence.

CONTACT LISTING OWNER

Connor Cottrill

Free Member

Get direct access to the seller

Save as Favorite
Write a Note

Ask the Seller

Questions on 324 Cypress Ave, Holly Ridge NC

Waiting for the seller to respond your question.

This form is for general questions only. Asking for personal information is not allowed.

Nearby Deals

Some random deals around the area (20)

Hundreds of properties in North Carolina! Check Deals in North Carolina

1234 Main St

CHARLOTTE, NC

4BR/2BA - Charlotte, NC - 320,000

After Repair Value $3,200

- Asking Price $3,200

- Repair Costs $0

0%

Potential Profit

$0

1551 Fairfield Rd

TROY, NC

0.63-Acre Homesite on Fairfield Rd — Troy, NC

After Repair Value $26,000

- Asking Price $26,000

- Repair Costs $0

0%

Potential Profit

$0

14 Via Del Lago

CULLOWHEE, NC

0.92 Acres in Jackson County, NC — Quiet Mountain Homesite Near Lake Glenville

After Repair Value $35,000

- Asking Price $29,500

- Repair Costs $0

15%

Potential Profit

$5,500

0 Bagwell St 9

GARNER, NC

0.44 Acres Lot For Sale

After Repair Value $120,000

- Asking Price $120,000

- Repair Costs $0

0%

Potential Profit

$0

Conebury Ln

WALKERTOWN, NC

0.45 Acres Lot For Sale

After Repair Value $34,000

- Asking Price $34,000

- Repair Costs $0

0%

Potential Profit

$0

Stonewall St

WINSTON-SALEM, NC

For Sale – .55 Acre Homesite, Stonewall St., Winston Salem, Nc

After Repair Value $14,750

- Asking Price $14,750

- Repair Costs $0

0%

Potential Profit

$0

Wide Country Rd

TOBACCOVILLE, NC

).51 Acres in Forsyth County, NC

After Repair Value $29,250

- Asking Price $29,250

- Repair Costs $0

0%

Potential Profit

$0

Knott St

WINSTON-SALEM, NC

1.27 Acres in Winston Salem, NC!

After Repair Value $18,250

- Asking Price $18,250

- Repair Costs $0

0%

Potential Profit

$0

2154 Foxhunter Ct

WINSTON-SALEM, NC

Beautiful Property (ALL CASH or CONVENTINAL) NEED BUYER ASAP

After Repair Value $374,900

- Asking Price $374,900

- Repair Costs $0

0%

Potential Profit

$0

10323 Roundleaf Dr

CHARLOTTE, NC

Available single beautiful family home for rent

After Repair Value $150,000

- Asking Price $150,000

- Repair Costs $0

0%

Potential Profit

$0

113 W Cameron St

MT OLIVE, NC

North Carolina Discounted Property

After Repair Value $220,000

- Asking Price $115,000

- Repair Costs $25,000

41%

Potential Profit

$80,000

12319 Jacquelyn Ct

CHARLOTTE, NC

Taking time for yourself will be even easier in a house fitted to your needs.

After Repair Value $500,000

- Asking Price $300,000

- Repair Costs $0

40%

Potential Profit

$200,000

900 Nash St N

WILSON, NC

Wilson's #1 Historical Property..Highly Visible..Income Producing Opportunity

After Repair Value $1,200,000

- Asking Price $919,000

- Repair Costs $0

23%

Potential Profit

$281,000

1099 Scenic Vista Dr

NEBO, NC

Build Your Dream Home on 1.31 Acres in Nebo’s Best Gated Community

After Repair Value $30,500

- Asking Price $18,900

- Repair Costs $0

38%

Potential Profit

$11,600

Nc 226 S

NEBO, NC

1.08 Acres in McDowell, NC—Liberal HOA Restrictions for Your Dream Retreat!

After Repair Value $15,000

- Asking Price $13,000

- Repair Costs $0

13%

Potential Profit

$2,000

146 Weeping Spring Dr

MOORESVILLE, NC

Stunning family friendly home in Mooresville, NC!

After Repair Value $570,000

- Asking Price $570,000

- Repair Costs $0

0%

Potential Profit

$0

Wolf Knob Rd

CULLOWHEE, NC

Own it for only $301 a month! Ask me how!

After Repair Value $12,500

- Asking Price $12,500

- Repair Costs $0

0%

Potential Profit

$0

Parker Rd

NEW BERN, NC

Live Large! 0.70 Acres in New Bern, NC - RVs & Mobile Homes Welcome!

After Repair Value $20,000

- Asking Price $14,500

- Repair Costs $0

27%

Potential Profit

$5,500

E Pleasant Hill Dr

NEW BERN, NC

Mobile Homes Allowed! 0.83-Acre New Bern Property, All Yours!

After Repair Value $35,000

- Asking Price $17,500

- Repair Costs $0

50%

Potential Profit

$17,500

Dowd Rd

CARTHAGE, NC

TBD Dowd Street Carthage NC 28327

After Repair Value $13,000

- Asking Price $13,000

- Repair Costs $0

0%

Potential Profit

$0