502 Cycle ln - Manufactured Housing/Mobile Housing FOR SALE


Dallas, NC 28034
$809,900 USD
704-616-0872
502 Cycle ln, Dallas, NC for Sale
$809,900 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/22
null | 9.99% Cap Rate

502 Cycle ln
Dallas, NC 28034


HIGHLIGHTS

  • Very well taken care of mobile home park with possibility to add 3-5 more income producing units.
  • Located right off of Columbus Street.

OVERVIEW

Mobile Home park that has been really well kept. long term tenants in place. The community is made up of 10 MSW homes, 1 stick built home that is in need of rehab,1 mobile home pad w water/sewer electric ready for hookup. 1 site where another home was demoed that would be ideal for a duplex or modular duplex. 9 of the 10 MSW Homes are occupied by tenants and 1 is being used for storage. The home being used for storage could easily be made rent ready with a little work. rents gross $7140 monthly. expenses are electricity for well and outdoor lighting that averages $115.00 monthly, insurance $1100.00 annually, Trash pickup $1300 annually, Taxes are just under $1000.00 anuually.7 units have central HVAC and 2 have central heat with window units for A/C Owner will hold 15% note.

FOR SALE DETAILS

PRICE

$809,900 USD

PRICE/SF

$101 USD /SF

# OF UNITS

11

PRICE/UNIT

$73,627

CAP RATE

9.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sophie's Court Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

13

LAND DETAILS

LAND ACRES

2.15 AC

LAND SF

93,654 SF

ZONING

R1

APN/PARCEL ID

168512

ASK ABOUT THIS PROPERTY

Carla HowellColdwell Banker Carver-Pressley RealtorsMore Info
704-616-0872

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Carla HowellColdwell Banker Carver-Pressley RealtorsMore Info
704-616-0872

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