Mobile Home Park Details
- Purchase Method: New Loan
- Cap Rate: 6.0%
- Listing ID: 1620806
- Posted On: Mar 10, 2022
- Updated On: Jun 9, 2022
Description
ONE ACRE LOTS. The park consists of 12+/- acres and is suited for single family home development. LOTS ONLY, with the exception of one home and the owners original double wide home on a separate 1 acre lot. Fully occupied since it was developed 13 years ago.
Rents below market and Stanly County has a moratorium on any future mobile home parks.
Location
Just 12 minutes from the Charlotte Beltway in Stanly County(Locust) east of Charlotte, N.C.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 15 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2009 |
| Average MH Lot Rent: | $340 |
| Size: | 12 acre(s) |
Financial Information (Actual)
| Gross Income: | $66,300 |
| Operating Expense: | $15,323 |
| Net Operating Income: | $50,977 |
| Expense Ratio: | 23.1 % |
Lot Information
| Singlewide Lots: | 14 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $650 |
