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32 Lot Space Rent Park

Mobile Home Community for Sale in Robbinsville, North Carolina

Robbinsville, NC 28771
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Sale Price: $425,000

Contact Information

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Mobile Home Park for Sale

Number of MH Lots: 32
Size: 3 acre(s)
Cap Rate: 9.4%
Purchase Method: Cash
Status: Active
Property ID: 917003
Posted on: Apr 07, 2018
Updated on: Jul 17, 2018
Price: $425,000

Property Description

FOR FINANCIALS AND MORE INFORMATION CLICK HERE BELOW!
https://www.surveygizmo.com/s3/4297589/Confidentiality-Agreement
32 Lot all tenant owned homes. This community sits just off the main road in town. Filled with very long term residents who pay for everything. This community has HUGE upside. The lot rents have not been bumped up in ages. Add 5 new 1b/1bath Legacy tiny homes to the park and bump the lot rents up and you could have a $900,000 community. Let us show you, how we do it !
Most Sewer and Water lines were replaced two years ago.

Park Information

Number of MH Lots:32
Total Occupancy:87.0%
Year Built:1965
Average MH Lot Rent: $135
Size:3.0 acre(s)

Financial Information (Pro Forma)

Gross Income$54,120
Operating Expense$4,755
Net Operating Income$46,659
Expense Ratio 8.8%
Debt Info

Lot Information

Singlewide Lots:32

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes:0