Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 5.4%
- Listing ID: 1751756
- Posted On: Sep 7, 2022
- Updated On: Dec 6, 2022
Description
32 sites, including 8 vacant sites ready for homes. Direct-billed water and sewer. Additional upside in below-market site rent. Residents pay online. Easy management. No park-owned homes.
Can be purchased together with 3 other smaller communities in the area for a total of 61 sites, including 13 vacant sites.
Location
Located on NC Hwy 16, just 15 minutes north of I-40 and 5 minutes south of downtown Taylorsville. Highly-desirable and growing area in the North Carolina mountains within easy access of Hickory, Statesville, and the Lake Norman area. Just an hour from uptown Charlotte.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 32 |
| Total Occupancy: | 75.0 % |
| Average MH Lot Rent: | $285 |
| Size: | 10 acre(s) |
Financial Information (Actual)
| Gross Income: | $82,680 |
| Operating Expense: | $18,341 |
| Net Operating Income: | $64,339 |
| Expense Ratio: | 22.2 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |