Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 10.0% (Actual)
- Listing ID: 573973
- Posted On: Oct 13, 2015
- Updated On: Jan 25, 2016
Description
Approximately 5 acres located in the rolling hills of Drexel/Morganton, NC. Seventeen occupied units of which 3 are single family houses. Five additional lots for expansion. Great turnkey park. Low expenses and low turnover. Detailed and accurate records from current owner. Large storage/workshop on property. Paved streets with city water and sewer.
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Financial Information (Actual)
| Gross Income: | $85,000 |
| Operating Expense: | $29,155 |
| Net Operating Income: | $55,845 |
| Expense Ratio: | 34.3 % |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 17 |
| Average Rent for Park-owned Homes: | $450 |