Contact Information
Daniel Dellarova
Mobile Home Park Details
- Price: $875,000
- Purchase Method: Cash, New Loan
- Cap Rate: 6.5% (Actual)
- Listing ID: 6967033
- Posted On: Aug 21, 2025
- Updated On: Aug 21, 2025
Description
Ranch-style house and 15 lots! Country park just south of the city and within the Henderson ETJ, situated on 11 acres (3 PINS). Improvements include a 2 BR, 1 BA house with recent updates and a large deck, 15 mobile home lots with water, individual septic systems, and community water (from 2 wells, but city water available at street).
The house is park-owned at rented at $1200/mo, and 14 lots are rented at $295/mo. (base rate). All mobile are tenant-owned, which is rare in North Carolina, making managing the property much easier than dealing with park-owned homes (that always seem to need maintenance)! One lot is has not been in use for many years and pine trees have overgrown the lot, but improvements are there and it could possibly be put back into service.
Location
Quiet, stable, country park just south of town and part of the Henderson ETJ. Piedmont Pines MHP park is well-maintained by the owner and is just down the road from Vance County HS and Clarke Elementary.
Additionally, Henderson is scheduled to be a stop on the Southeast High Speed Rail Corridor (the S-Line), which will connect Raleigh to Richmond via high-speed commuter train. This will be a boon for Henderson, providing fast service down to Wake Forest and Raleigh, or north to Richmond, VA.
Park Information
Community Type: | All Age |
Number of MH Lots: | 14 |
Total Occupancy: | 100.0 % |
Year Built: | 1990 |
Average MH Lot Rent: | $295 |
Size: | 11 acre(s) |
Financial Information (Actual)
Gross Income: | $64,320 |
Operating Expense: | $7,120 |
Net Operating Income: | $57,200 |
Expense Ratio: | 11.1 % |
Lot Information
Singlewide Lots: | 14 |
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: | 1 |
Average Rent for Park-owned Homes: | $1,200 |
Download Documents
- PPP 2025 Park Rent Roll IncomeExpense Summaries.pdf
- Piedmont PinesPlatUnrecorded 08Jul2019 182314.pdf
- 672 Garret RdPPP MHPGIS.pdf