Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Listing ID: 465266
  • Posted On: Aug 13, 2014
  • Updated On: Sep 8, 2017

Description

This park was in litigation from 2011 until May of 2014. The park has 25 hookups with city water and sewer, each individually metered. The park was vandalized during the 3year period where there was no oversight. 20 of the homes were declared "uninhabitable" by the city of Morganton. These homes are being removed in November 2014. There are presently 5 homes occupied. 4 owned by the park.
The city has been both patient and helpful in rectifying this distressed property.
Interested parties will need capital and energy to turn this park back to its potential. Park is grandfathered as no new parks are allowed to be built in Morganton.
New or used homes can replace the homes being removed.
Serious inquiries call Jon at 336-341-6512

Location

Morganton is in Midwestern North Carolina on I-40.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 24
Total Occupancy: 20.0 %
Year Built: 70
Average MH Lot Rent: $200
Size: 8 acre(s)

Financial Information (Pro Forma)

Debt Info: There is no debt on this park

Lot Information

Singlewide Lots: 23
Doublewide Lots: 1

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 23
Average Rent for Park-owned Homes: $425

Similar Mobile Home Parks for Sale