Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 7.0%
- Listing ID: 1909941
- Posted On: Oct 14, 2022
- Updated On: Feb 14, 2023
Description
12 Lot (Lot Only) park located in Mebane, N.C. between the historic towns of Mebane and Hillsborough in the growing areas of Elon University and Duke University.
The park has been 100% occupied since its' inception with no pullouts.
Location
Just off of Hwy 70 and near Interstates 40 and 85
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 12 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1998 |
| Average MH Lot Rent: | $425 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $62,100 |
| Operating Expense: | $12,843 |
| Net Operating Income: | $49,257 |
| Expense Ratio: | 20.7 % |
| Debt Info: | Cash |
Lot Information
| Singlewide Lots: | 11 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
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