Mobile Home Park Details
- Purchase Method: Seller Financing
- Listing ID: 880538
- Posted On: Nov 21, 2017
- Updated On: Jan 12, 2018
Description
Owner is Retiring.....Springbrook Park is a 20+/- acres mobile home subdivision sitting on a wooded hillside out from Hickory, NC. There are 22 individually deeded lots. The park owns 19 homes ( 6 D/W & 13 S/W ) and 3 rental lots. The homes are all in excellent condition, most being newer homes. All homes are brick underpinned and have very nice porches and decks. All POHs have permanent roofs, all homes have very nice appliances including W/Ds. A number of homes have outbuildings and "all" homes have central HVAC systems. The Park has private paved roads thruout, and each lot has it's own septic tank and water meter. This park is an "A" park and if you are looking for the best of the best........this is it! The same family has owned it since it was built in the mid 1990's. It is considered a newish park by industry standards. Long term "owner financing" is offered to a good buyer. D/Ws rent from $650 to $850. S/Ws rent from $495 to $550. Owner manages and collects rents presently by the week. Again, park is in "A" condition. Not a better one to be found anywhere. Selling on a 12% cap rate.
Park Information
Number of MH Lots: | 22 |
Total Occupancy: | 100.0 % |
Year Built: | 1993 |
Average MH Lot Rent: | $225 |
Size: | 20 acre(s) |