Photo of Mobile Home Park

Mobile Home Park Details

Purchase Method: Cash, New Loan
Cap Rate: 11.2%
Listing ID: 695175
Posted On: Aug 9, 2016
Updated On: Sep 1, 2016

Description

A 210 space all-age community located in Tarboro, North Carolina (Edgecombe County). The park features paved roads, county water, and county sewer. The park features paved roads, county water, and county sewer.

Location

Tarboro is a town located in Edgecombe County, North Carolina. It is part of the Rocky Mount, North Carolina Metropolitan Statistical Area. With convenient access to nearby metro areas like Raleigh-Durham and Greenville a low cost of living, affordable housing, and a diverse local community. Such diverse companies as Abbott Laboratories, Honeywell, Sara Lee, Barcalounger (furniture) and QVC Network have facilities here. Compared to the rest of the country, Tarboro's cost of living is 19.80% Lower than the U.S. average. Average Home Price is $117,000, Mean travel time to work is approximately 19.1 minutes and the average rent for a 3-bedroom home or apartment is $888 with a 2-bedroom home or apartment average rent of $653. The median household income is $33,168.

Edgecombe is a rural county situated approximately one hour's drive east of Raleigh and two hour's drive inland from North Carolina's beaches. The economy encompasses everything from some of the most productive farms in the state to advanced manufacturing facilities.

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