Mobile Home Park
Mobile Home Park
707 Elmira Street
707 Elmira Street
1107 Pollard Avenue
1107 Pollard Avenue
1119 Pollard Avenue
1119 Pollard Avenue
1214 St Regis Dr
1214 St Regis Dr
2218 Burch Bridge Rd
2218 Burch Bridge Rd
2228 Burch Bridge Rd
2228 Burch Bridge Rd
Mobile Home Park
Mobile Home Park
Mobile Home Park
Mobile Home Park
Mobile Home Park
707 Elmira Street
1107 Pollard Avenue
1119 Pollard Avenue
1214 St Regis Dr
2218 Burch Bridge Rd
2228 Burch Bridge Rd
Mobile Home Park
Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.9%
  • Listing ID: 2983500
  • Posted On: May 23, 2023
  • Updated On: Jul 2, 2024

Description

28 lot mobile home park and six single family rental houses; 0% vacancy.

Location

northeast section of Burlington, Alamance County, NC between NC Hwy. 87, to the west and NC Hwy. 62, to the east.

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Park Information

Number of MH Lots: 26
Total Occupancy: 100.0 %
Average MH Lot Rent: $265

Financial Information (Pro Forma)

Gross Income: $139,140
Operating Expense: $35,904
Net Operating Income: $103,236
Expense Ratio: 25.8 %

Lot Information

Singlewide Lots: 28

Utility Information

Water: City
Water Paid By: Park
Sewer: City

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