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.