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Terri Bias

Operator/Brokerage Owner | Terri Bias and Associates | PLACE

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1717 Roscoe Howey Rd , Waxhaw, NC 28173
$1,590,000
Est. Payment: $8,935.85/mo
20 Bed
14 Bath
7756 Sqft
3.94 Acres
Status: active | Days on site: 181
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2180 - 26944
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Terri Bias, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Terri Bias
Operator/Brokerage Owner
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House Description

Wonderful investment opportunity! This nine unit park is sitting on just under 4 acres with beautiful mature trees. It has approximately 428 feet of frontage on Roscoe Howey Road to the north, and it is bordered to the west by Porter Drive. It is an outstanding location - surrounded by picturesque countryside and serene views. Plus, it is still very convenient to shopping, restaurants, and employment opportunities with Waxhaw being less than 6 miles away, downtown Monroe 6.7 miles, and 5 miles to Wesley Chapel Village Commons. It is located in sought after Union County school districts. The park is made up of two parcels 06-015-039 and 06-015-038. All nine mobile homes are park owned. Renters provide their own furnishings including washer & dryer, refrigerators are park owned. The property also consists of four storage buildings, and an insulated pump house that affords extra storage. A shared 150' deep well serves the whole park, pump was just replaced in 2024. Each unit has its own septic tank. The tenants are responsible for mowing their own yards. Community has two street lights. The current owners have enjoyed having this property, and lovingly maintained it including extra plantings. They have repainted the units every five years, and applied Cool Seal to the roofs every three years. Owners have a list of reliable vendors that they will share. This park consistently operates at nearly 100% rented, with an established history of long term renters (average stay of over 5 years), and very quick turnover. At list price it has a Cap Rate of 7.5%. The rents are under market value, so there is potential for an even greater return. *PLEASE DO NOT DISTURB TENANTS.*
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Highlights

Listed by Sue Valentine Plyler , 704-957-6499 1st Choice Properties Inc , 980-272-6300. Canopy MLS mls logo

Property Type

Multi-Family
Lot/Acreage
3.94

Year Built

1984

County

Union

Listing ID

4367822

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:20
  • ▪ Bathrooms:14
  • ▪ Full Bathrooms:14
Appliances:Electric Range, Electric Water Heater, Refrigerator
Air Cond:Ceiling Fan(s),Central Air,Window Unit(s)
Fireplaces:
Above Ground Sq Ft:7756
Water:Shared Well

Exterior Features

Lot:Corner Lot,Wooded,Views
Zoning:AF8
Sewer:Septic Installed
Parking Features:Driveway,Parking Space(s)
Principal Interest
$8,936
Taxes
$1,014

Home Price

$1,590,000

Loan Details

30 yrs
7.548%

Down Payment

20%
$318,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,935.85

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,935.85 $1,013.63 $0.00 $9,949.48
Yearly $107,230.25 $12,163.50 $0.00 $119,393.75
Total $3,216,907.48 $364,905.00 $0.00 $3,581,812.48

Today's Rates

30 Year

7.55%

20 Year

7.5%

15 Year

6.75%

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Market insight data is pulled from the same city as the listing being viewed (Waxhaw, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information submitted to the MLS GRID as of the date listed below. 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.
The data relating to real estate on this website derive in part from the Internet Data Exchange program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Terri Bias and Associates | PLACE 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.
Listings courtesy of Canopy MLS as distributed by MLS GRID

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Data last updated: 2026-10-14T07:47:06.000Z

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