Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 1375321
- Posted On: Jan 5, 2021
- Updated On: Jan 5, 2021
Description
This park is location on prime retail property. There is a surge of commercial and residential activity pushing north of Raleigh. All utilities are available. Medium cut providing access to both north and south traffic. Located directly across from the future Duke Surgical Center. Traffic count is 25,000 vpd+. Close to schools and other amenities. 1,350 liner feet of road frontage.
Location
Located on US-1 Hwy. Just north of the US-1 Hwy and NC 98 Hwy intersection.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 35 |
| Total Occupancy: | 94.0 % |
| Year Built: | 1990 |
| Average MH Lot Rent: | $350 |
| Size: | 35 acre(s) |
Financial Information (Actual)
| Gross Income: | $155,064 |
| Operating Expense: | $19,164 |
| Net Operating Income: | $135,900 |
| Expense Ratio: | 12.4 % |
Lot Information
| Singlewide Lots: | 35 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 35 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 5 |
| Average Rent for Park-owned Homes: | $700 |
