00 Sundale Ln, Lincolnton, NC 28092 FOR SALE


Lincolnton, NC
$499,000 USD
704-530-4418
, Lincolnton, NC for Sale
$499,000 USD
FOR SALE
1/2
null | 8.18% Cap Rate

00 Sundale Ln, Lincolnton, NC 28092
Lincolnton, NC


HIGHLIGHTS

  • 5 Parked own mobile homes
  • Currently 1 lot rent
  • 2 open land slots for mobile home

OVERVIEW

ATTENTION INVESTORS! Mobile home park located just minutes from downtown Lincolnton zoned for a 10 space mobile home park. 5 park-owned mobile homes and 1 ground lease. The park currently grosses $43,200 annually with potential to increase. Current Cap Rate of 8.2%. 2 spaces on the right have been used for a septic system, leaving 8 spaces currently usable. One well feeds the whole property with each mobile home having their own cutoff valve. Four mobile homes have ac and furnace units while the other mobile home has ac and heat pump. Only one septic system is shared between two mobile homes, the rest have their own septic system. Units range from 1984-1999. Trailers Details: Trailer 1: 3 bed 2 bath; Current rent $650; SQFT: 924 Trailer 2: 2 bed 2 bath; Current rent $650; SQFT: 910 Trailer 3: 2 bed 2 bath; Current rent $650; SQFT: 858 Trailer 4: 2 bed 1 bath; Current rent $650; SQFT: 784 Trailer 5: 2 bed 1 bath; Current rent $650; SQFT: 784 Trailer 6: Ground lease rent $300. Two mobile homes have been recently remodeled. 1231 (left/front): remodeled inside and new vinyl siding & metal roof about 2 years ago. 1237 (left/middle): remodeled inside about 1 year ago. For property viewings, please contact the listing agent directly. To respect the privacy of current tenants, please do not disturb them. Viewings inside the properties will be arranged upon receipt of an acceptable offer.

ASK ABOUT THIS PROPERTY

Lee HussGilleland Realty IncMore Info
704-530-4418

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Lee HussGilleland Realty IncMore Info
704-530-4418

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.