Mobile Home Park Details
- Purchase Method: Cash, Seller Financing, New Loan
- Listing ID: 465266
- Posted On: Aug 13, 2014
- Updated On: Sep 8, 2017
Description
This park was in litigation from 2011 until May of 2014. The park has 25 hookups with city water and sewer, each individually metered. The park was vandalized during the 3year period where there was no oversight. 20 of the homes were declared "uninhabitable" by the city of Morganton. These homes are being removed in November 2014. There are presently 5 homes occupied. 4 owned by the park.
The city has been both patient and helpful in rectifying this distressed property.
Interested parties will need capital and energy to turn this park back to its potential. Park is grandfathered as no new parks are allowed to be built in Morganton.
New or used homes can replace the homes being removed.
Serious inquiries call Jon at 336-341-6512
Location
Morganton is in Midwestern North Carolina on I-40.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 24 |
| Total Occupancy: | 20.0 % |
| Year Built: | 70 |
| Average MH Lot Rent: | $200 |
| Size: | 8 acre(s) |
Financial Information (Pro Forma)
| Debt Info: | There is no debt on this park |
Lot Information
| Singlewide Lots: | 23 |
| Doublewide Lots: | 1 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 23 |
| Average Rent for Park-owned Homes: | $425 |