$215,000
( )
 $1,154 forsale estimated payment Sourced by Back At You

1657 N Lafayette Street , Shelby, NC 28150

Shelby, NC 28150

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Description

Incredible value-add investment opportunity. Mobile home park with 17 lots, each with private or shared septic and shared, newly replaced well. Currently 5 trailers are occupied, 1 is move-in ready, 10 require replacement, one lot is empty. This mobile home park spans over 10AC of beautifully located property in a fast growing area. Shelby NC has predicted 4.5% population and income growth annually. This mobile home park is currently generating NOI $24k, with the rents being below the market average and less than 30% of the units being occupied. With additional investment you can turn this property into phenomenal cash flow investment. Priced to sale! Don't miss out on this amazing opportunity!

Details

Mls4200490
Listing TypeFor Sale
StyleMan
SubtypeResale
StatusActive Under Contract
Year1971
Days On Site21
Listing Provided ByKeller Williams Connected | Ola van Zyl

Features

Acreage10.00

Market Activity 28150

 Listings courtesy of Canopy Realtor® Association as distributed by MLS GRID.

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Listings Checked: 2 days ago
StateNC
CountyCleveland
CityShelby
Zip Code28150
AreaCleveland
Listing VS Median (in 28150)
Price:
$215,000
low | high
Med:
$276,500
21.395348837209% of Average
On Site:
21
low | high
Med:
112.500000
18.666666666667% of Average
Sourced by Back At You
Listing Updated: November 30, 2024 at 1:20:25 PM PST