Contact Information
Craig Julian
Mobile Home Park Details
- Price: $1,200,000
- Purchase Method: Cash, New Loan
- Cap Rate: 10.0%
- Listing ID: 6719222
- Posted On: Sep 6, 2024
- Updated On: Sep 28, 2024
Description
100 Percent Tenant occupied. 11 Units: 9 Manufactured Homes - 8 Single Wide's and 1 Doublewide and a Duplex. 10 of the Units have been updated in the past two years. New Road around and through the park. Located on 4.5 Acres. All units are currently occupied. Two Water Wells and several septic tanks. Great trees! One new Well House. Large Container for Storage. We have spent over $300,000 in updates including new road, updated units and one new unit. Septic Tanks were pumped in 2023. Most units have central air/heat. Buyers Broker will be paid a commission. Craig Julian Real Estate Broker/Appraiser 704-681-2753
Location
Located off Hwy 321. Hickory NC.
Amenities
- Storage
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Park Information
Community Type: | All Age |
Number of MH Lots: | 11 |
Total Occupancy: | 100.0 % |
Size: | 5 acre(s) |
Financial Information (Actual)
Gross Income: | $142,150 |
Operating Expense: | $23,899 |
Net Operating Income: | $118,241 |
Expense Ratio: | 16.8 % |
Debt Info: | Loan from Bank |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 11 |
Average Rent for Park-owned Homes: | $1,076 |
Download Documents
- 09 18 2024 Updated For Sale 1158 Wagon Wheel Hickory NC Mobile Home Park.pdf
- Unit Information 1158 Wagon Wheel Road Hickory NC.pdf
- Rent Roll 1158 Wagon Wheel Road Hickory NC.pdf