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Address is 9042 County Line Road Rocky Mount, NC 27803

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County Line Manufactured Home Community

Manufactured Home Community for Sale in Rocky Mount, North Carolina

9042 County Line Road
Rocky Mount, NC 27803

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Sale Price: $350,000

Contact Information

The Mhp Broker

Mobile Home Park for Sale

Number of MH Lots: 37
Size: 7.5 acre(s)
Cap Rate: 9.5%
Status: Active
Property ID: 858038
Posted on: Sep 12, 2017
Updated on: Nov 28, 2017
Price: $350,000

Property Description

County Line MHC is offered as a value-add with plenty of upside in a strong market in Rocky Mount MSA. This excellent location is near all amenities along a main artery into Sharpsburg, NC. The park has 37 lots, with 14 lot-rent only tenants each paying $190 a month. There are 14 vacant lots. Current occupancy is approximately 57%. Current market data suggests that a new effective owner should be able to reach 85% occupancy within two years.

Park Information

Number of MH Lots:37
Size:7.5 acre(s)