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47 unit mobile home park Hickory, NC

Expired   Price Reduced  

Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Listing ID: 1726993
  • Posted On: Aug 4, 2022
  • Updated On: Feb 8, 2023

Description

47 units. County water on 1 meter, individual septic tanks. 4 tenant owned homes. 33 park owned homes. 10 vacant lots with individual power and water and septic. 2 commercial buildings. Paved streets. Approximately 3 acres of open field bordering the road (400ft of road frontage) pre-zoned for self storage units. On site management in place. Lots of room for increasing rents.
Possible seller finance. Call for term details.

Location

Foothills of NC

Amenities

  • Handicap Accessible
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Park Information

Community Type: All Age
Number of MH Lots: 47
Total Occupancy: 75.0 %
Year Built: 1972
Average MH Lot Rent: $250
Size: 10 acre(s)

Financial Information (Actual)

Gross Income: $10,500
Operating Expense: $2,045
Net Operating Income: $8,455
Expense Ratio: 19.5 %

Lot Information

Singlewide Lots: 47
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: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 37
Average Rent for Park-owned Homes: $650

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