Mobile Home Park Details
- Cap Rate: 10.3%
- Listing ID: 13001
- Posted On: Jun 2, 2010
- Updated On: Oct 19, 2010
Description
Two Mobile Home Parks for sale in Sylva, NC. Sylva is a rapidly growing NC mountain town located by Western Carolina University, which is the fastest growing school in the UNC school system. Parks can be purchased together or separate.
The first park, priced at $695,000, is 45 lots with only 2 park owned homes and 2 vacant lots. Lots are below market rates with an average of $146.25+/- per lot.
Park is a total of 10+/- acres with infill potential for 8+/- additional homes.
The second park, priced at $650,000, is 14 MH lots with all park-owned homes that are 100% occupied, and have mostly HUD tenants. Also included with the property is very nice rented 3 bedroom, 1 bath house. There is also infill potential on the site for an additional 8+/- MH or lots.
Park Information
Number of MH Lots: | 59 |
Average MH Lot Rent: | $146 |
Park-Owned Homes
Number of Park-owned Homes: | 16 |
Average Rent for Park-owned Homes: | $393 |