Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 68402
- Posted On: Mar 22, 2011
- Updated On: Sep 27, 2011
Description
7 lot mobile home park on 5.7 ac tract, all homes are owned by park.
Each home rents for $400.00 per mo. Water is community well, sewer is septic systems. Each tenant is responsible for mowing and maintaining their yards. Gravel road.
Expenses: Electricial for well pump and night lights +- $45/mo., Trash collection $71/mo. Taxes $580/yr.
Excellent investment property with LOW Maintenance! Tenants maintain own lawncare. Situated in the quiet country but close enough to the city! County taxes only!!
Location
Boulden Mountain Mobile Home Park is located in the quiet area of Rockingham County, between Stoneville and Eden. There is a convenience store within 1.5 miles and schools are only 5-10 minutes away. Madison, Mayodan and Eden are within 5-10 minutes away with grocery stores and shopping centers. Winston Salem and Greensboro are within 30 minutes to an hour drive. Martinsville, VA is within 15 minutes away.
Park is located on NC 770, area should grow when I-73 is completed, location could be converted to other commercial use at that time.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 7 |
| Total Occupancy: | 98.0 % |
| Year Built: | 1986 |
| Average MH Lot Rent: | $400 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $2,800 |
| Operating Expense: | $215 |
| Net Operating Income: | $2,585 |
| Expense Ratio: | 7.7 % |
Lot Information
| Singlewide Lots: | 7 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 7 |
| Average Rent for Park-owned Homes: | $400 |
