3686 Cook Road, Valdese NC
- 10 Bed
- 2.4 ac
For Sale $350,000
Remarks:
Discover the income-producing potential of 3686 Cook Rd W, Valdese, NC! Situated on approximately 2.44 acres, this established 5-unit mobile home park offers immediate rental income along with exciting possibilities for future growth. Each of the five units features 2 bedrooms and 1 bathroom, with an average monthly rent of approximately $750 per unit—providing an estimated $3,750 in gross monthly rental income at full occupancy. Each unit is separately metered for water and electricity, helping simplify utility management for the property owner. The property is currently configured with two units per septic system. What really sets this investment apart is the potential for expansion. Approximately half of the 2.44-acre property remains undeveloped, creating the possibility for additional units or other future development, subject to county approvals, zoning, septic capacity, and other applicable requirements. Whether you're looking to add an established income-producing property to your portfolio or searching for an investment with room to grow, 3686 Cook Rd W offers both current cash flow and future potential. 5 Rental Units • 2 BR / 1 BA Each • Approx. 2.44 Acres • Separately Metered Utilities • Approx. $3,750 Gross Monthly Rent at Full Occupancy • Potential for Additional Development
General Information:
| List Price: | $350,000 |
| Status: | For Sale |
| Bedrooms: | 10 |
| Type: | Fiveplex |
| Parking: | Driveway |
| MLS Number: | CAR4419474 |
| Year Built: | 9999 |
| Sewer Type: | Septic Installed |
Assigned Schools:
| Elementary: | Drexel |
| Middle: | Heritage |
| High: | Jimmy C Draughn |
Lane Yates
704-232-7238
Broker In Charge
Price & Sales History
| Date | Event | Price | $/SQFT |
| 08-31-2026 | Listed | $350,000 | N/A |
| 11-26-2025 | Under Contract | $299,900 | N/A |
| 11-20-2025 | Listed | $299,900 | N/A |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| NC School for the Deaf | 5 miles | KG-06 | N/A |
| The New Dimensions School | 5 miles | KG-06 | 7 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 3686 Cook Road, Valdese NC | 0 mi | $350,000 | days | |
| 3780 Cook Road, Valdese NC | 0.2 mi | $525,000 | days | |
| 3803 Cook Road, Valdese NC | 0.2 mi | $265,000 | days | |
| 3461 Greentree Acres Road, Valdese NC | 0.4 mi | $255,000 | days | |
| 3900 Cook Road, Valdese NC | 0.4 mi | $249,900 | days | |
| 3161 Morganton Furniture Road, Valdese NC | 0.8 mi | $349,900 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28690
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Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By C Shane Cook & Associates
3686 Cook Road, Valdese NC is a ft2 on a 2.440 acres Appraisal lot. This is for $350,000. This has 10 bedrooms, baths, and was built in 9999.
Based on information submitted to the MLS GRID as of 2026-08-31 18:00:51 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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