Contact Information

Mobile Home Park Details

  • Price: $1,750,000
  • Purchase Method: Cash
  • Cap Rate: 9.9%
  • Property ID: 1517222
  • Posted On: Sep 17, 2021
  • Updated On: Sep 30, 2021

Property Description

Combined properties are three communities located in close proximity in the Charlotte, NC market. There are 35 lots total with 33 Park-Owned Homes along with a Duplex and a 20-space Storage Building. POHs have been extensively renovated, most of which have been upgraded with new drywall and flooring, kitchen cabinets and countertops, new bathrooms, decks and underpinning. Please do not visit the properties without prior scheduling to minimize disturbance of tenants.

Location

Communities are just 15 miles from Downtown Charlotte and 9 miles from the Airport in the growing Eastern Gaston County Submarket. Convenient to grocery and shopping, Interstates, and less than 10 miles from the Amazon Fulfillment Center and other large employers. Communities are well-positioned for long term stability and growing rents.

Amenities

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

Park Information

Community Type: All Age
Number of MH Lots: 34
Total Occupancy: 85.0 %
Average MH Lot Rent: $325
Size: 8 acre(s)

Financial Information (Pro Forma)

Gross Income $242,709
Operating Expense $68,867
Net Operating Income $173,842
Expense Ratio 28.4 %
Debt Info

Lot Information

Singlewide Lots: 34

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 33
Average Rent for Park-owned Homes: $325

Download Documents

Similar Mobile Home Parks for Sale