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Heritage Mobile Home Park 1505 Lauren Circle, Spring Lake, NC 28390

Off Market  

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Listing ID: 1400781
  • Posted On: Mar 2, 2021
  • Updated On: Oct 1, 2021

Description

48 space mobile home park with exceptional location and grounds. Park has paved roads and city water with city sewer available. 3 houses go with the sale. Ideal property to build value quickly.

Location

Park is located on a dead end street across from a Forest training area in Fort Bragg. Very quiet, attractive location for renters.

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Park Information

Community Type: All Age
Number of MH Lots: 48
Year Built: 1970
Average MH Lot Rent: $200
Size: 7 acre(s)

Financial Information (Actual)

Gross Income: $103,000
Operating Expense: $27,000
Net Operating Income: $76,000
Expense Ratio: 26.2 %
Debt Info: No debt

Lot Information

Singlewide Lots: 15
Doublewide Lots: 0

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 13
Average Rent for Park-owned Homes: $650

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