Mobile Home Park Details
- Cap Rate: 8.2%
- Listing ID: 466529
- Posted On: Aug 24, 2014
- Updated On: Apr 3, 2017
Description
PRICE REDUCED - WELL BELOW MARKET RENTS - NO PARK OWNED HOMES, CITY WATER individually metered and billed to tenants. Located less than 5 minutes to Walmart, the central shopping district for the county and Highway 321 (main Hwy linking Lenoir with Hickory and Charlotte). Beautifully wooded park, well maintained, with paved drives, 20 spaces (3 vacant), 1 stick built home and a garage / warehouse. On site management.
Location
Lenoir, NC is located in the foothills of the Blue Ridge Mtns, mild climate (snow is a once or twice a year event if at all). Lenoir is part of the Hickory NC MSA, 4th largest in the state. Charlotte & Charlotte Douglas Int'l Airport is app 1 hour to the southeast, Asheville an hour to the west, Boone & Appalachian State Univ is less than an hour to the northwest.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 20 |
| Total Occupancy: | 96.0 % |
| Average MH Lot Rent: | $150 |
| Size: | 8 acre(s) |
Lot Information
| Singlewide Lots: | 20 |
| Park Model Lots: | 2 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
