Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Property ID: 1162348
  • Posted On: Dec 9, 2019
  • Updated On: Jan 30, 2020

Property Description

$150k Down, Bal at 6% interest for 36 months.
97 Lots, 79 VL.
New water lines
Water meter box at every lot.
18 TOH
12 demos
All TOH
Water meters are read every month
Gravel roads
Low lot rents, 170
Most lots have 200 amp service
$37080 gross presently
Add 50 homes for a potential of $247,000 gross
9 Cap valuation at that point, $1.9 M
No manager
Tenants cut their own grass
Minutes to the city of Williamston.
7 Mins to Walmart Supercenter
One septic per lot.
Level lots
No environmental violations per, Health dept.
No zoning
Dire need of new housing in the area.
93 miles to the coast
39 mins to Greenville NC, pop. 93,000
Compare this park if full, to a listing in Angier NC, east NC, 66K per lot, city water and septic, 9% full. $8.8M. Pop of 5500

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Park Information

Community Type: All Age
Number of MH Lots: 97
Year Built: 1972
Average MH Lot Rent: $170
Size: 34.0 acre(s)

Lot Information

Singlewide Lots: 97

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0

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