Mobile Home Park Details

  • Listing ID: 12986
  • Posted On: Jun 2, 2010
  • Updated On: Oct 19, 2010

Description

This park has 52 pads with 23 park owned homes and 13 rentals currently. It is the only park located inside the City Limits of Lumberton, NC, which is located on Interstate 95 and has a population of 36,000+/- people. The median household income is $37,000. The park sits on six acres of commercial land with over 700 ft. of road frontage on N. Roberts Ave., which is in the middle of the commercial district and has shopping and all major stores within walking distance. This property obviously has endless commercial possibilities. Park has potential of over $19,000 of monthly income. Parks also has a existing 600 sq. ft. concrete laundry mat that is not currently in service today, as well as a separate 250 sq. ft. concrete storage building. All pads and units are on city sewer, water and electric with individual meters. The park is 95% occupancy of available unit which will bring in $10,500 per month. Creative financing available to the right person Monthly Expenses: Water and Electric $200 Maintenance $850.00 Taxes $450.00 Garbage $300 Insurance $85

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Park Information

Number of MH Lots: 52
Average MH Lot Rent: $125

Park-Owned Homes

Number of Park-owned Homes: 23
Average Rent for Park-owned Homes: $350

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