Mobile Home Park Details

  • Price:
  • Purchase Method: Cash, New Loan
  • Property ID: 978693
  • Posted on Aug 15, 2018

Property Description

35 site community For Sale By Owner. The park has 27 stable tenants (25 lot rent only at $300/mth, plus 2 occupied park owned homes), in a pleasant 12 acre setting in a growing area of NC - Dunn metro, with population over 128k. This is a nice recurring cash flow property, and a new owner can increase the value by bringing in additional homes, and/or by passing through additional expenses (mowing/trash/etc). Park has paved roads, county water (direct billed), septic, and strong demand in the market (constant inbound inquiries). Attractively priced to achieve >9% cap rate.

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Park Information

Community Type: All Age
Number of MH Lots: 35
Total Occupancy: 77.0 %
Average MH Lot Rent: $300
Size: 12.0 acre(s)

Utility Information

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

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