The requested property is removed. Here are active Mobile Home Parks for Sale in Spring Lake, North Carolina

Thomas Chandler 945 Park Drive, Statesville, NC 28677

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Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 10.0% (Actual)
  • Listing ID: 1620383
  • Posted On: Mar 8, 2022
  • Updated On: Apr 6, 2023

Description

16 Singlewide lots. Strong local job market and rental demand. All lots are individually metered and have city power, water, and sewer. Area can support $350- $400 lot rent.

Location

945 Park Dr, Statesville, NC

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Park Information

Community Type: All Age
Number of MH Lots: 16
Total Occupancy: 50.0 %
Year Built: 1955
Average MH Lot Rent: $400
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $50,000
Operating Expense: $8,000
Net Operating Income: $42,000
Expense Ratio: 16.0 %

Lot Information

Singlewide Lots: 16
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: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 10
Average Rent for Park-owned Homes: $575

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