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Kurt Nichols

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31 lot Mobile Home Park

Mobile Home Park for Sale in Thomasville, North Carolina

Thomasville, NC 27360
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Sale Price: $799,000

Contact Information

Kurt Nichols

Mobile Home Park for Sale

Number of MH Lots: 31
Size: 21.7 acre(s)
Cap Rate: 12.8%
Purchase Method: Cash, New Loan
Status: Active
Property ID: 804037
Posted on: May 27, 2017
Updated on: Oct 17, 2017
Price: $799,000

Property Description

31 Lot Mobile Home Park For Sale by Owner.

19 Park Owned Home. Well maintained with an average monthly rent of $425.

7 Lot rentals at $200

5 vacant lots.

The Property is 21.77 acres but the park only utilizes 12 acres. TONS of room for expansion and upside.

Paved Roads, County Water, Septic Sewer and homes are Individually Metered.

Onsite Park Manager that is willing to stay on with new owner.

For more information please contact Kurt @ (704)315-9815

Location Description

Close to Interstate 85 Great Location that is close to major retailers.

Park Information

Number of MH Lots:31
Average MH Lot Rent: $200
Size:21.7 acre(s)

Financial Information

Gross Income$111,600
Operating Expense$9,553
Net Operating Income$102
Expense Ratio 8.6%
Debt Info

Utility Information

Water Paid By: Tenant - Individual Service

Park-Owned Homes

Number of Park-owned Homes:19
Average Rent for Park-owned Homes: $425