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Fayetteville Mobile Home Park

Mobile Home Park for Sale in Fayetteville, North Carolina

408 Brick Springs Road
Fayetteville, NC 28312

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Sale Price: $975,000
 

Contact Information

Joe Robinson
Mobile Home Park

Mobile Home Park for Sale

Number of MH Lots: 46
Size: 10.5 acre(s)
Cap Rate: 15.0%
Purchase Method: Cash
Status: Active
Property ID: 863655
Posted on: Sep 28, 2017
Updated on: Dec 29, 2017
Price: $975,000

Property Description

Great income property with Cash flows of $150,000. 45 lot mobile home park with 37 park owned homes and 6 tenant owned. It has a gross potential monthly rental income is $17,260. Many units have waterfront views. The property is 95% occupied.

One doublewide mobile home is included off-site with a separate waterfront lot. Total acreage is approximately 10.5 acres. The property is located just minutes from downtown Fayetteville, NC. Close to schools and Ft Bragg military base. The park has septic sewer and city water.

For more information please contact us.

Park Information

Number of MH Lots:46
Total Occupancy:95.0%
Year Built:1971
Average MH Lot Rent: $425
Size:10.5 acre(s)

Financial Information (Actual)

Gross Income$210,420
Operating Expense$49,300
Net Operating Income$150,000
Expense Ratio 23.4%
Debt Info

Lot Information

Singlewide Lots:45
Doublewide Lots:1

Utility Information

Water:City
Water Paid By: Tenant - Individual Service
Sewer:Septic

Park-Owned Homes

Number of Park-owned Homes:37
Average Rent for Park-owned Homes: $420