Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.6% (Actual)
- Listing ID: 2022407
- Posted On: Jan 24, 2023
- Updated On: Jan 3, 2024
Description
TyBella Estates provides immediate cash flow with ample value add opportunity. Current cap rate is 7.6% and more lots to build on. 14 single wide lots with 2 additional residential lots for future building options. These 2 SFR's have town water and sewer available for hook up. 1 of the 14 lots currently is having a unit placed on it and is expected to bring $1,000 beginning in May. TyBella Estates MHP is a great investment opportunity currently having a variety of 6 Park Owned homes, 2 Rent to Own homes, and 6 Lot fee only parcels. Most recent rental of Park owned Home is unit #2 which offers 2 bed and 2 bath, at $950/month. This shows amazing opportunity for greater cash flow.
Location
TyBella Estates is located in Winston-Salem, North Carolina and is part of the busy Triad metropolis. The population of the triad is now over 1,705,315 people (2021).
Amenities
- Storage
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 14 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $350 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $102,120 |
| Operating Expense: | $6,840 |
| Net Operating Income: | $95,280 |
| Expense Ratio: | 6.7 % |
Lot Information
| Singlewide Lots: | 14 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
