Immediate cash flow investment property for sale from motivated seller. 5-lot mobile home park on 2.6 acres of land in the Southwest region of Jacksonville, NC. Property currently yields 16% CAP rate with potential to grow. Currently 100% occupied with year-long leases. Prime location ensures constant stream of renters. Close to Camp Lejeune, NC, many schools and near Albert Ellis Airport - area is sought after by renters and developers. Estimates of the growth of Jacksonville vary from 10,000 - 15,000 additional people in the next 3-5 years. Zoned as a commercial property, the land offers many possibilities beyond its current income generating status.
Rent for Lot 1: $470
Lot 2: $470
Lot 3: $490
Lot 4: $490
Lot 5: $440
Garage: $100
Total: $2,460
Operating Expense: $1,000
Profit per month: $1,460
Profit per year: $17,520
