Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Manufactured Home Community
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 12.0%
- Listing ID: 545105
- Posted On: Jul 2, 2015
- Updated On: Jan 24, 2016
Description
JUST REDUCED. UPSIDE POTENTIAL. CITY WATER AND SEWER. All utilities billed directly to tenants. 9 Spaces, 9 Park Owned Homes, always has a waiting list (although occupancy suffers from owner's lack of attention). Very low property taxes. Curbside pickup at each home included in property taxes. 4.59 Acres, only partially developed, Located just off major thoroughfare, in quiet area. 4 county shopping district about 15 minutes away.
Location
Town of Sawmills is part of the Hickory MSA, 4th largest MSA in NC. City of Hickory is about 15 minutes to the south, Charlotte is about an hour south and Asheville a little over an hour to the west.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 9 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $487 |
| Size: | 5 acre(s) |
Lot Information
| Singlewide Lots: | 9 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 9 |
| Average Rent for Park-owned Homes: | $487 |