Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 978693
- Posted On: Aug 15, 2018
- Updated On: Nov 15, 2018
Description
35 site community For Sale By Owner. The park has 27 stable tenants (25 lot rent only at $300/mth, plus 2 occupied park owned homes), in a pleasant 12 acre setting in a growing area of NC - Dunn metro, with population over 128k. This is a nice recurring cash flow property, and a new owner can increase the value by bringing in additional homes, and/or by passing through additional expenses (mowing/trash/etc). Park has paved roads, county water (direct billed), septic, and strong demand in the market (constant inbound inquiries). Attractively priced to achieve >9% cap rate.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 35 |
Total Occupancy: | 77.0 % |
Average MH Lot Rent: | $300 |
Size: | 12 acre(s) |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | Septic |