For Sale $309,900
Reduced $309,900. Located just south of Rutherford College & Valdese, this desirable investment property offers both immediate income & long-term potential. The property includes four well-maintained 1990s singlewide mobile homes, each thoughtfully updated by the current owner. These units currently generate $3,200/month ($38,400/year) in rental income, with room for increased returns. Recent improvements across the homes include: carpet, flooriing, paneling, paint, interior & exterior doors, vanities & toilets, water heaters & many appaliances. Each home is equipped with a heat pump, making them more attractive to quality tenants. The landlord currently handles lawn care, provides town water, & maintains a shared dumpster. Tenants are responsible for all other utilities. Each unit is on its own septic system. Set in a scenic location at the foot of Mineral Springs Mountain, just outside the town limits. Unit #2 is available for showings. Additional units may be shown to serious, qualified buyers. Landlord is looking to retire.
| List Price: | $309,900 |
| Status: | For Sale |
| Bedrooms: | 10 |
| Type: | Fourplex |
| Parking: | Driveway |
| MLS Number: | CAR4293072 |
| Subdivision: | None |
| Lot Description: | Level, Open Lot, Views |
| Year Built: | 1991 |
| Sewer Type: | Septic Installed |
| Elementary: | Valdese |
| Middle: | Heritage |
| High: | Jimmy C Draughn |
| Date | Event | Price | $/SQFT |
| 11-10-2025 | Price Decrease | $309,900-0.83% | N/A |
| 10-19-2025 | Price Decrease | $312,500-2.34% | N/A |
| 09-01-2025 | Listed | $320,000 | N/A |
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Granite Falls Elementary | 8 miles | KG-05 | 8 |
| Southwest Elementary | 8 miles | PK-05 | 1 |
| NC School for the Deaf | 9 miles | KG-06 | N/A |
| Mountain View Elementary | 9 miles | PK-05 | 8 |
| The New Dimensions School | 9 miles | KG-06 | 7 |
| Longview Elementary | 10 miles | PK-05 | 3 |
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.
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 |
| 5929 Mourglea Avenue, Connelly Springs NC | 0 mi | $309,900 | days | |
| 5934 Mourglea Avenue, Connelly Springs NC | 0 mi | $179,900 | days | |
| 2870 Rutherford College Road, Connelly Springs NC | 0.3 mi | $155,000 | days | |
| 3181 Fay Lowman Road, Connelly Springs NC | 0.4 mi | $197,000 | days | |
| 214 Alpine Street, Connelly Springs NC | 0.8 mi | $157,900 | days | |
| 3120 Mineral Springs Mountain Road, Valdese NC | 0.8 mi | $249,900 | days |
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 |
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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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| Property Insurance |
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| Total Monthly Payment | $20,941 |
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Transportation to Work |
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.
A Courtesy Listing Provided By C Shane Cook & Associates
5929 Mourglea Avenue, Connelly Springs NC is a ft2 on a 1.270 acres lot. This is for $309,900. This has 10 bedrooms, baths, and was built in 1991.
Based on information submitted to the MLS GRID as of 2025-09-01 11:07:01 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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