1741 Penderlea Hwy, Burgaw, NC 28425

Multi-Family Investment Property Sold As-is. Not a candidate for FHA or USDA loans due to multiple structures on the property. Cash or conventional only. Proof of funds required for showings. - 100% Tenant Occupied Brick Ranch & Trailer that sit on 2.7 acres with over 500 ft of road frontage. Both properties currently rented. The trailer is currently rented for $900/month on a 12 month lease and the brick ranch is on a month to month at $1,200/month. Brick ranch renovated in 2020 (New roof, etc. The property currently generates $2,100/month in rental and still has over two acres available for further development (Zoned R7). The front two properties have privacy fences that separate majority of the usable acreage in the back. There is a workshop in the back acreage that has underground power. Build your dream home on the back two acres and continue renting the other two properties or bring your horses and allow the trailer to pay for a lump sum of the property costs. Unlimited possibilities for the right buyer here. Seller is firm on the price. Do not disturb tenants, appointment required.