Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 11.9%
  • Listing ID: 811696
  • Posted On: May 10, 2017
  • Updated On: Jun 6, 2018

Description

15 Acre Mobile Home Park located in Marion, NC for sale. The park is in good condition and has beautiful mountain views. It is located 6 miles from I-40 and the new Wal-Mart in Marion NC.

The park has 31 lots. 21 are park owned homes and are rented at an average of $480.00 month. The remaining 7 spaces are rented at $170.00 a month. There are 3 empty spaces that will require septic systems for future income. The park has 1 workshop and 4 wells that supply water to each home. Each home has a septic tank. Duke Power provides electric service to each home. The park has paved roads and street lights. Each home sits on approximately 1/4 acre lot. Price is $749,900. Please call 828-652-7840 with questions.

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Park Information

Community Type: All Age
Number of MH Lots: 31
Total Occupancy: 100.0 %
Year Built: 1995
Average MH Lot Rent: $550
Size: 15 acre(s)

Financial Information

Gross Income: $113
Operating Expense: $24
Net Operating Income: $88
Expense Ratio: 21.2 %

Lot Information

Singlewide Lots: 31
Doublewide Lots: 0

Utility Information

Water: Well
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 21
Average Rent for Park-owned Homes: $480

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