Contact Information
David Voigt
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
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 |