Bailey’s Mobile Home Park, located at 130 Bailey Lane is an excellent investment for owners and developers in North Carolina. Started in 1980, the mobile home park is established in the Pilot Mountain community. The property offers residents a lush and green park-like setting to call home. With 37 total units available there is ample space for tenants and abundant opportunity for income via leasing. The property spans a gracious 22.37 acres with a gravel road creating access to the entire plot of land. Investors and owner/users are presented with several options on how to utilize this property moving forward. Buyers can continue to run the property as-is and lease out vacancies to increase the net operating income. Alternatively, owners have the option to add capital improvements to drive rental rates higher and also bring in more tenants. There is an additional option to in-fill the land and construct something new on the land. The property is zoned MHP in the town of Pilot Mountain. North Carolina is a robust force when it comes to multifamily. The state encompasses 843,043 total units which is a 5.6% increase from last year. There was a drop in construction of new units over the past 12 months allowing for existing inventory to be highly valued. Market cap rates are high and, on the rise, indicating a prime time for investment. Market rents are forecasted to also increase over the coming years. Bailey's Mobile Home Park is primely positioned in Pilot Mountain. The town of Pilot Mountain is the ideal place to reconnect with nature while enjoying a small-town feel. The State Park features walking trails and cap grounds. The small downtown area boasts delicious restaurants, award winning bed and breakfasts, shops, and other small businesses. Downtown is undergoing a revitalization to support a vibrant community with a thriving and prosperous local economy. Wineries, inns, our golf course, and wedding destinations are also available in the area.