Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.7%
- Listing ID: 1902038
- Posted On: Oct 4, 2022
- Updated On: Jan 17, 2023
Description
11 Unit fully occupied mobile home community along Lanvale Road. Current rentals providing over $107,000 in annual gross income. Property currently has hookups for one additional home.
Beautiful landscaped community nestled behind a mature stand of trees providing sufficient shade and privacy to residents. Brand new single family home development currently under construction directly to the rear of this property.
CA can be provided for additional financial details.
Please contact broker for showing instructions.
Location
Just outside of Wilmington, NC in the swiftly growing Leland submarket of Brunswick County, NC.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 11 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $600 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $107,400 |
| Operating Expense: | $17,614 |
| Net Operating Income: | $89,785 |
| Expense Ratio: | 16.4 % |
| Debt Info: | N/A |
Lot Information
| Singlewide Lots: | 12 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 11 |
| Average Rent for Park-owned Homes: | $213 |