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280 Arrowood Road

Salisbury, NC 28147

21 beds
11 baths
1,650 sqft
~6 acre lot
$303 per sqft
1972 build
– on site

More homes

9 Rental Units consisting of 1 Split Level home with 2 units, 7 Mobile Homes and 2 vacant lots that when combined as one can be built on. Averages 98% occupancy yearly. All are in very good condition. Great rental history. Present income is $72,000 per year with expenses at $10,316 per year per owner. 4 wells on the properties. Low taxes and expenses make this investment a great cash flow from day 1.

Listing courtesy of CMLS / 1st Cooperative Realty

Last checked: Checking… • Last updated Aug 22, 2023 •

MLS# 3743960 —

The Building

Year Built:

1972
Construction Status:

Complete
New Construction:

false
Construction Type:

Manufactured,Site Built
Subtype:

Multi-Family
Construction Materials:

Aluminum Siding,Brick Partial
# of Units Total:

9
Unit Count:

8
Architectural Style:

Other
Foundation Details:

See Remarks
Porch:

Front
Building Area Total:

1650
Below Grade Finished Area:

650

Interior

Living Area:

1650
Fireplace:

false

Location

Directions:

From Salisbury take Hwy 801 N. Rt on East Ridge Rd, Left on Old Mocksville Rd, Rt on Long Bow Road. One is on the Corner of Long Bow and Arrowood and the others are on Arrowood Road.
Latitude:

35.75418
Longitude:

-80.47373

The Property

Type:

Residential Income
Lot Features:

See Remarks
Lot Size Dimensions:

5.5
Lot Size Area:

5.5
Zoning Description:

RA
Zoning:

R-A
Exterior Features:

Workshop
Structure Type:

Eightplex+
Additional Parcels Description:

062, 081, 100, 104, 180, 080, 077, 097
Road Responsibility:

Public Maintained Road
Road Surface Type:

Gravel

Listing Agent

Contact info:

Taxes

Parcel Number:

307B 116**
Tax Assessed Value:

264238

Beds

Bedrooms Total:

21

Baths

Full Baths:

11

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Central,Heat Pump,Wall Unit(s)

Utilities

Sewer:

Septic Installed
Water Source:

Well Needed
Water Heater:

Electric

Appliances

Appliances:

Electric Oven,Refrigerator
Laundry Features:

Main Level

Schools

Elementary School:

North Rowan
Middle School:

North Rowan
High School:

North Rowan

The Community

Subdivision Name:

GREENWAY
HOA Subject To:

None
Pets Allowed:

No

Parking

Parking Total:

12
Parking Features:

Carport - 1 Car
Main Level Garage:

Yes
SqFt Garage:

1200

Extra Units

Unit 1 Beds Total:

4
Unit 1 Full Baths:

3
Unit 1 Half Baths:

1
Unit 2 Beds Total:

2
Unit 2 Full Baths:

1
Unit 3 Beds Total:

2
Unit 3 Full Baths:

1
Unit 4 Beds Total:

3
Unit 4 Full Baths:

1
Unit 5 Beds Total:

3
Unit 5 Full Baths:

2
Unit 6 Beds Total:

2
Unit 6 Full Baths:

1
Unit 7 Beds Total:

2
Unit 7 Full Baths:

1
Unit 8 Beds Total:

3
Unit 8 Full Baths:

1

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Sale history

Date	Event	Source	Price	% Change
8/27/21 Aug 27, 2021	Sold	CMLS	$500,000	-15.1%
8/10/21 Aug 10, 2021	Pending	CMLS	$589,000
7/23/21 Jul 23, 2021	Listed / Active	CMLS	$589,000

Multifamily Sold on 8/27/2021

$500,000

Listing provided by broker:

Mike Rusher

1st Cooperative Realty

Newest listings in 28144

Based on information submitted to the MLS GRID as of 3/15/2025 11:04 am. 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. Properties displayed may be listed or sold by various participants in the MLS. Some IDX listings have been excluded from this website. Listings courtesy of Canopy MLS as distributed by MLS GRID.

280 Arrowood Road

Salisbury, NC 28147