Contact Information

Mobile Home Park Details

  • Price: $965,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 14.0%
  • Property ID: 1408248
  • Posted On: Mar 16, 2021
  • Updated On: May 3, 2021

Property Description

27 Acres !

Large Mobile Home Park

Each Home sits on Full Acre lot!

100% Occupancy with Wait List, Well Managed and Manicured Park.

Additional 3BD/2BR Remodeled Farm House (not currently rented) that can be used for Additional Income!

Zoned for a mobile-home Subdivision!

Driving Distance to Famous Beaches : Virginia Beach, Nags Head

Income has increased 8% !

HAVE A PARK TO SELL?
Frank - BIRCH REALTY - 727-592-2418

Location

SouthEast, North Carolina

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 22
Total Occupancy: 100.0 %
Year Built: 1985
Average MH Lot Rent: $775
Size: 27 acre(s)

Financial Information (Actual)

Gross Income $186,000
Operating Expense $50,000
Net Operating Income $136,000
Expense Ratio 26.9 %
Debt Info

Lot Information

Singlewide Lots: 20
Doublewide Lots: 2

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 22
Average Rent for Park-owned Homes: $775

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