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!
Mls | 4200490 |
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Listing Type | For Sale |
Style | Man |
Subtype | Resale |
Status | Active Under Contract |
Year | 1971 |
Days On Site | 21 |
Listing Provided By | Keller Williams Connected | Ola van Zyl |
Acreage | 10.00 |
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State | NC |
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County | Cleveland |
City | Shelby |
Zip Code | 28150 |
Area | Cleveland |
Listing VS Median (in 28150) | |
Price: $215,000 low | high Med: $276,500 On Site: 21 low | high Med: 112.500000 |