Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 11.9%
- Listing ID: 811696
- Posted On: May 10, 2017
- Updated On: Jun 6, 2018
Description
15 Acre Mobile Home Park located in Marion, NC for sale. The park is in good condition and has beautiful mountain views. It is located 6 miles from I-40 and the new Wal-Mart in Marion NC.
The park has 31 lots. 21 are park owned homes and are rented at an average of $480.00 month. The remaining 7 spaces are rented at $170.00 a month. There are 3 empty spaces that will require septic systems for future income. The park has 1 workshop and 4 wells that supply water to each home. Each home has a septic tank. Duke Power provides electric service to each home. The park has paved roads and street lights. Each home sits on approximately 1/4 acre lot. Price is $749,900. Please call 828-652-7840 with questions.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 31 |
| Total Occupancy: | 100.0 % |
| Year Built: | 1995 |
| Average MH Lot Rent: | $550 |
| Size: | 15 acre(s) |
Financial Information
| Gross Income: | $113 |
| Operating Expense: | $24 |
| Net Operating Income: | $88 |
| Expense Ratio: | 21.2 % |
Lot Information
| Singlewide Lots: | 31 |
| Doublewide Lots: | 0 |
Utility Information
| Water: | Well |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 21 |
| Average Rent for Park-owned Homes: | $480 |
