Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing
  • Property ID: 1300921
  • Posted On: Aug 5, 2020
  • Updated On: Sep 4, 2020

Property Description

Beautiful, and spacious 11.12 acre park with 11 units (5 park owned homes and 6 lot rents)
Public Water
Underground Power
Well Maintained Septic Tanks (11)
7 min to SuperWalmart
7 min to Wilkesboro (Lowe’s, Tractor Supply, 3 grocery stores and 15+ restaurants)
Mountain View’s
6 acre fenced in pasture includes gorgeous stream that runs 365 days a year.
Water is currently paid by me (average $150 total per month)
Annual taxes $900 per year!
Same tenants for the past 12 months
Selling to buy my wife a bigger house

Location

Off Charity Church Road in Millers Creek

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Park Information

Community Type: All Age
Number of MH Lots: 11
Total Occupancy: 100.0 %
Average MH Lot Rent: $350
Size: 11 acre(s)

Financial Information (Actual)

Gross Income $32,000
Operating Expense $3,920
Net Operating Income $28,080
Expense Ratio 12.2 %
Debt Info

Lot Information

Singlewide Lots: 11

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $500

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