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1256 Shingle Gap Road, Purlear, NC 28665 1256 Shingle Gap Road, Purlear, NC 28665

Off Market  

Mobile Home Park Details

  • Purchase Method: Cash
  • Land: This is land for developing a mobile home park
  • Cap Rate: 10.3%
  • Listing ID: 1525389
  • Posted On: Sep 30, 2021
  • Updated On: Dec 31, 2021

Description

2.14 Acres of Prime Investment Land. Currently with 4 Mobile homes (not owned) paying lot rent. Lot rent is currently $200 per lot but can be increased to $400 per lot for more earning potential (average lot rent in Millers Creek. Cash Deals Only. Tenants Pay their own Water, Electric, Trash Pick up, and do their own lawn care. Property is Sub-metered.

Location

Prime Location & Great investment Opportunity

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Park Information

Community Type: All Age
Number of MH Lots: 4
Total Occupancy: 100.0 %
Average MH Lot Rent: $200
Size: 2 acre(s)

Financial Information

Gross Income: $9,600
Operating Expense: $264
Net Operating Income: $9,335
Expense Ratio: 2.8 %
Debt Info: None

Lot Information

Singlewide Lots: 4
Doublewide Lots: 0
Triplewide Lots: 0

RV Information

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

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 0
Average Rent for Park-owned Homes: $0

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