Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 6.0%
- Listing ID: 2881315
- Posted On: May 10, 2023
- Updated On: Jul 31, 2023
Description
This is a Mobile Home Park with 16 lot, 12 are currently leased, located in Mebane, NC. The Park has city water and septic with individual drain fields. This is a great opportunity to fill the remain lots and and also increase lot rents which are low. The property is located next to the new Hwy 119 Bypass for good access to I-85/40 and 1 mile to downtown Mebane. Contact broker for financials.
Location
Off of Hwy 70 just west of Mebane, NC
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Number of MH Lots: | 16 |
| Total Occupancy: | 75.0 % |
| Year Built: | 1964 |
| Average MH Lot Rent: | $200 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $29,760 |
| Operating Expense: | $7,705 |
| Net Operating Income: | $22,055 |
| Expense Ratio: | 25.9 % |
| Debt Info: | None |
Lot Information
| Singlewide Lots: | 12 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 16 |
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: | 0 |
| Average Rent for Park-owned Homes: | $200 |
