Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
- Cap Rate: 10.0%
- Listing ID: 820658
- Posted On: Jun 7, 2017
- Updated On: Jun 13, 2017
Description
Owner Financing Now Available with 30% down. This high income mobile home park is located just outside of Fayetteville, NC in Cumberland County. The park is conveniently located less than 5 minutes from Interstate 95,;10 minutes from downtown Fayetteville and close to ort Bragg military base. There are 46 lots and 42 mobile homes. 21 of the units have a waterfront view. A 2 bedroom,2 bath home is also included with a private lot and water front view.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 46 |
Total Occupancy: | 95.0 % |
Year Built: | 1971 |
Average MH Lot Rent: | $200 |
Size: | 11 acre(s) |
Financial Information
Gross Income: | $199,899 |
Operating Expense: | $50,372 |
Net Operating Income: | $149,527 |
Expense Ratio: | 25.2 % |
Utility Information
Water: | City |
Water Paid By: | Park |
Sewer: | Septic |
Park-Owned Homes
Number of Park-owned Homes: | 37 |
Average Rent for Park-owned Homes: | $417 |