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. County water & sewer is only 600 ft down the road. The 2 lost spaces could potentially be gained back if connected to county utilities. 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.
MLS# | 4191966 |
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Listing Type | For Sale |
Style | Manufactured Home |
Sub-Type | Resale |
Status | Active |
Year | 1984 |
Days On Site | 22 |
Listing Provided By | Gilleland Realty Inc | Lee Huss |
SQ Feet | 4,260 |
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Acreage | 2.70 |
State | NC |
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County | Lincoln |
City | Lincolnton |
Zip Code | 28092 |
Area | Lincoln |
Listing VS Median (in 28092) | |
Price: $499,000 low | high Med: $338,500 SqFt: 4,260 low | high Med: 2,285 $ / SqFt: $117 low | high Med: $148 On Site: 22 low | high Med: 40.000000 |