Photo of Mobile Home Park
Photo of Mobile Home Park
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
  • Listing ID: 672337
  • Posted On: May 30, 2016
  • Updated On: Mar 10, 2017

Description

Great opportunity to own a established mobile home park with long term tenants. Owners are selling to raise capital for a business venture. Located in Fairmont, NC, this well-kept park is a short distance from Lumberton, NC and I95. Park is clean, well ran, and well maintained. The park has spacious lots and several happy long term tenants. It has county water and septic tanks. The park comes with 15 park owned mobile homes on over 4 acres of land. Eleven mobile homes are rented. Four remaining mobile homes are empty but could be rented. Current owners have completely renovated 10 of the 15 mobile homes in the last three years.

The Park currently has a monthly income of $4067.00 with low expenses. Detailed income/expense records are available. The potential for increased revenue does exist if new owners consider renting out the remaining 4 homes with a total monthly income potential of $5600.00.

The Park is priced to sale and is a steal for the right investor.

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

Park Information

Community Type: All Age
Number of MH Lots: 14
Total Occupancy: 75.0 %
Average MH Lot Rent: $375

Financial Information

Gross Income: $67,200

Lot Information

Singlewide Lots: 14

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 15
Average Rent for Park-owned Homes: $375