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*PRICE REDUCED* 3 unit mobile home park with room to expand 1491 Mulberry Creek Road, North Wilkesboro, NC 28659

Expired   Price Reduced  

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Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 12.3% (Actual)
  • Listing ID: 1333240
  • Posted On: Oct 1, 2020
  • Updated On: Dec 27, 2020

Description

3 unit mobile home park with room to expand to a total of 6 units. All units are parked owned and fully rented for 450.00 each for a total income of 1350.00/month. Park sits on 1.8 acres and has city water/septic. 2 units are 1996 14x60 3bed/2bath. 1 unit is 1995 14x70 3bed/1bath. Tenants mow their own yards. Park pays water, trash.

Location

10 miles to Walmart super center. 9.1 miles to Tyson plant which is a major area employer.

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Park Information

Community Type: All Age
Number of MH Lots: 3
Total Occupancy: 100.0 %
Year Built: 1996
Average MH Lot Rent: $450
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $1,350
Operating Expense: $170
Net Operating Income: $1,119
Expense Ratio: 12.6 %

Lot Information

Singlewide Lots: 6
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $450