Contact Information

Mobile Home Park Details

  • Price: $550,000
  • Purchase Method: Cash
  • Cap Rate: 10.7%
  • Property ID: 1398330
  • Posted On: Feb 25, 2021
  • Updated On: Mar 10, 2021

Property Description

Location, Location, Location! 2 miles from I-26, 4 miles to I-40 situated on a growing commercial corridor (Brevard Rd.) Just down the road from Outlet Mall, dozens of restaurants, retail and necessities. Outdoor activities within a mile Blue Ridge Parkway, The NC Arboretum, Bent Creek Park (tubing) and Lake Powhatan Rec Area. Solid earner with room to grow. Property management in place.

Location

2 miles from I-26, 4 miles to I-40 situated on a growing commercial corridor (Brevard Rd.)

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Park Information

Community Type: All Age
Number of MH Lots: 9
Total Occupancy: 100.0 %
Year Built: 1977
Size: 1 acre(s)

Financial Information (Pro Forma)

Gross Income $84,300
Operating Expense $25,485
Net Operating Income $58,815
Expense Ratio 30.2 %
Debt Info

Lot Information

Singlewide Lots: 9
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: 9
Average Rent for Park-owned Homes: $781

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