Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 10.7%
- Listing ID: 1398330
- Posted On: Feb 25, 2021
- Updated On: Mar 2, 2022
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 % |
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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