Contact Information

Mobile Home Park Details

  • Price: $1,500,000
  • Purchase Method: Cash, New Loan
  • Property ID: 2022407
  • Posted On: Jan 24, 2023
  • Updated On: Jan 25, 2023

Property Description

TyBella Estates provides immediate cash flow with ample value add opportunity. Current cap rate is 5.1% and over 10% cap rate on 2023 pro-forma. 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. Only 1 of the 14 lots currently does not have a unit on it as owner is currently in the market to purchase. TyBella Estates MHP is a great investment opportunity currently having a variety of 5 Park Owned homes, 2 Rent to Own homes, and 7 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
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Park Information

Community Type: All Age
Number of MH Lots: 14
Total Occupancy: 93.0 %
Average MH Lot Rent: $311

Lot Information

Singlewide Lots: 14

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 5

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