About 1150 Garretts Way Ne
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.
Features of 1150 Garretts Way Ne
| 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 |
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 | 309 |
| Zoning | Co-R-6000 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | East Atlantic Realty LLC |
|---|