Mobile Home Park
707 Elmira Street
1107 Pollard Avenue
1119 Pollard Avenue
1214 St Regis Dr
2218 Burch Bridge Rd
2228 Burch Bridge Rd
Mobile Home Park
Mobile Home Park
Contact Information
Glenn Patterson
Mobile Home Park Details
- Price: $1,500,000
- Purchase Method: Cash, New Loan
- Cap Rate: 6.9%
- Listing ID: 2983500
- Posted On: May 23, 2023
- Updated On: Feb 16, 2024
Description
28 lot mobile home park and six single family rental houses; 0% vacancy.
Location
northeast section of Burlington, Alamance County, NC between NC Hwy. 87, to the west and NC Hwy. 62, to the east.
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Park Information
| Number of MH Lots: | 26 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $265 |
Financial Information (Pro Forma)
| Gross Income: | $139,140 |
| Operating Expense: | $35,904 |
| Net Operating Income: | $103,236 |
| Expense Ratio: | 25.8 % |
Lot Information
| Singlewide Lots: | 28 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
