$214,000
●
Mobile Manufactured -
Off Market
10942 Simms Road
Bailey, NC 27807
3 Beds
2 Baths
1,548 Ft²
$1,088
Est. Monthly
9.83%
Cap Rate
About This Property
Welcome to this beautifully updated 3-bedroom, 2-bathroom
manufactured home, offering 1,548 sq. ft. of comfort and style, all
nestled on just under an acre of peaceful land.
Step inside to a bright, open layout featuring fresh interior paint, durable LVP flooring, and stylish new fixtures throughout. The heart of the home is the completely renovated kitchen, showcasing brand-new cabinets, quartz countertops, stainless steel appliances, and plenty of space for cooking.
Relax in the spacious living area or step outside onto the brand-new deck, perfect for enjoying your private outdoor space. Additional upgrades include a new HVAC unit, ensuring year-round comfort and efficiency.
Located in Bailey, you're just 35 minutes from Raleigh, giving you the best of both worlds-peaceful country living with easy access to city conveniences.
Don't miss this move-in-ready gem-schedule your showing today!
Step inside to a bright, open layout featuring fresh interior paint, durable LVP flooring, and stylish new fixtures throughout. The heart of the home is the completely renovated kitchen, showcasing brand-new cabinets, quartz countertops, stainless steel appliances, and plenty of space for cooking.
Relax in the spacious living area or step outside onto the brand-new deck, perfect for enjoying your private outdoor space. Additional upgrades include a new HVAC unit, ensuring year-round comfort and efficiency.
Located in Bailey, you're just 35 minutes from Raleigh, giving you the best of both worlds-peaceful country living with easy access to city conveniences.
Don't miss this move-in-ready gem-schedule your showing today!
Unit Size
1,548 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$138
Property Type
Mobile Manufactured
Property Taxes
$36
HOA Dues
-
Year Built
1992
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (TMLS #10082537)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| Jun 6, 2025 | In contract | - | |
| In contract | |||
| May 21, 2025 | Relisted | $214,000 | |
| Relisted | |||
| Apr 1, 2025 | In contract | - | |
| In contract | |||
| Mar 26, 2025 | Price Decreased |
$214,000
↓ $5K
(2.3%) | |
| Price Decreased | |||
Show More
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
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Listed On
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Closing Price
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Sold On
HOA + Taxes
About Nash
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Listed by: Adam Noe, eXp Realty, LLC - C
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10082537
Last Updated: 2 years ago
Data Source: TMLS, MLS# 10082537
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