Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.7%
- Listing ID: 1546221
- Posted On: Nov 1, 2021
- Updated On: May 3, 2022
Description
Easy access to Ft. Bragg or Pinehurst from this centrally located park.
33 Park Owned Homes including land and improvements located in two locations within 1/4 mile of each other. 155-219 Jolinda Road and 101-161 Wright Court being Sold as one property.
Location
Between Vass and Spring Lake, North Carolina. Rural setting just off NC Hwy 690 (Lobelia Road) in the Mt. Pleasant Community.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 33 |
| Total Occupancy: | 90.0 % |
| Size: | 15 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $190,500 |
| Operating Expense: | $83,671 |
| Net Operating Income: | $106,829 |
| Expense Ratio: | 43.9 % |
Lot Information
| Singlewide Lots: | 33 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 33 |
| Average Rent for Park-owned Homes: | $500 |
