Contact Information

Simba Washaya
Graniteside Capital

Mobile Home Park Details

  • Price: $364,500
  • Purchase Method: Cash
  • Listing ID: 6083402
  • Posted On: Jun 5, 2024
  • Updated On: Jun 5, 2024

Description

1.74 acres
The landlord owns all the mobile homes and the camper, with titles. Mobile homes are older, they were built around 1975.

923: House - 3bd/1 bath house built 1961. ~1000 sf. New roof 2023.
$850/month. Lease ends 7/30

927: Old trailer. 2 bd/1 bath. $750/month

929: Empty Lot. Used to have a mobile home on it, it was hit by a tree and she didn’t have the money to rebuild.

935: Old trailer, 2 bd/1 bath. $750/month. Lease ends 8/30.

939: Old trailer (1 bed/1 bath) maintenance worker currently lives there. Contract has contingency for him to $500/month at closing.

941: Camper. $450/month.

Current Income: $2,825/month.
Income at closing: $3,325/month

6 septic tanks. 2 wells (One currently operating)

Maintenance: Done by property manager in unit 939
Taxes: Less than $1000
Trash: Managed by tenant. Some burn their trash and some have garbage pickup.

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Location

Located right in between Raleigh and Garner. 10 minutes from downtown Raleigh

Amenities

  • Laundromat
  • Storage
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Park Information

Number of MH Lots: 5
Total Occupancy: 83.0 %
Year Built: 1961
Size: 2 acre(s)

Financial Information

Gross Income: $33,900

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $545

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