Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.1%
- Listing ID: 574279
- Posted On: Oct 21, 2015
- Updated On: Dec 24, 2016
Description
This one hits the sweet spot: 37% increase in NOI projected for 2016. Cap Rate based on 2015 NOI. 2016 Projected cap rate 10.7%No Park Owned Mobile Homes, City Water & Sewer Billed To The Tenants, Located Near But Not In The City Limits. All power billed directly to tenants. Water & sewer are submetered and billed to tenants by 3rd party. New electronic meters. ALl water lines inspected by professional leak detection company in 2014. Long term manager on staff. 76 spaces (70 occupied) + 1 stickbuilt home.
Location
Hickory is the seat of the 4th largest MSA in North Carolina. Charlotte & Charlotte Douglas Int'l Airport are 45 minutes to the SE, Asheville is about and hour to the West, Greensboro a little over an hour to the East.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 76 |
| Total Occupancy: | 91.0 % |
| Average MH Lot Rent: | $230 |
| Size: | 14 acre(s) |
Lot Information
| Singlewide Lots: | 76 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
