Contact Information

Mobile Home Park Details

  • Price: $695,650
  • Purchase Method: Cash, New Loan
  • Cap Rate: 9.5%
  • Property ID: 1249734
  • Posted On: May 1, 2020
  • Updated On: May 5, 2020

Property Description

2 nearby parks, combined 25 spaces: 13 lot rent, 8 park owned homes, 5 vacant spaces. City water individually metered and directly billed to tenants, all but 2 spaces in each park on 1:1 septic ratio. POH's recently (and extravagantly) remodeled, all but 2 with new heat pumps. App $20k per year in lost income due to under priced rents!

Location

Winston-Salem NC MSA, between Winston Salem & Lexington

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Park Information

Number of MH Lots: 25

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 8

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