The requested property is removed. Here are active Mobile Home Parks for Sale in Brantley, Alabama
Raleigh area
Raleigh, NC
Off Market
Price Reduced
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
Purchase Method:
Cash
Listing ID:
17544
Posted On:
Oct 23, 2010
Updated On:
Oct 24, 2011
Description
A beautiful park consisting of 45 lots with 24 park owned homes located on 19 acres. Park has large spacious lots with paved streets and keyed mailboxes. Lot rent is $225/month and homes rent from $500 - $650/month. Park has a well water system and septic tanks for sewer. Park is centrally located with seven towns within 5 to 15 minute drive times
Income after vacancies/turnover presently is $180,000/year with four vacant lots. Placing four repos on these vacant lots would increase income to $207,000/year. Lot and most home rentals could easily go up $25/month adding another $12,000+ to income.
(Park five miles down the road rents lots for $285/month on dirt roads!)
Potential gross income with four repos added and rent increases @100% occupancy $234,000
Location
Centrally located near Raleigh, Wake Forest, Louisburg, Bunn, Youngsville, Rolesville and Zebulon
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