2155 White Pine Dr - Manufactured Housing/Mobile Housing FOR SALE


Granite Falls, NC 28630
$775,000 USD
541-953-9000
2155 White Pine Dr, Granite Falls, NC for Sale
$775,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/23
null | 10.23% Cap Rate

2155 White Pine Dr
Granite Falls, NC 28630


HIGHLIGHTS

  • Stabilized

OVERVIEW

Managed by local property professionals, Granite Falls Mobile Home Park has undergone significant enhancements, ensuring stability and presenting an opportunity for increased return on investment (ROI) through value addition. The owners have built a network of reputable local tradespeople for ongoing park enhancement and maintenance. Proof of funds is required before scheduling appointments. Request access to the comprehensive Listing Packet, which includes financial details, improvement reports, and additional resources. Cap Rate above 11% when the park operates at full occupancy of existing homes! 12 homes under park ownership (one currently utilized for storage) and 5 homes under tenant ownership, paying lot rent. 4 additional vacant pads that meet county requirements; buyer to do all due diligence on viability. The vacant pads are not considered in the park’s sale price and value. The Listing Packet outlines various value-add opportunities. An agent will accompany showings upon proof of funds. Agents to review the Listing Packet *INSTRUCTIONS document before reviewing the *LISTING PACKET. Both items are located in the Drive Folder. Limited seller representation, contact owner with inquiries after reviewing provided material (Dustin Vollstedt). PLEASE INQUIRE ABOUT THE LISTING PACKET LOCATED IN GOOGLE DRIVE.

FOR SALE DETAILS

PRICE

$775,000 USD

PRICE/SF

$82 USD /SF

# OF UNITS

12

PRICE/UNIT

$64,583

CAP RATE

10.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dustin VollstedtHybrid Real EstateMore Info
541-953-9000

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Dustin VollstedtHybrid Real EstateMore Info
541-953-9000

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