Mobile Home Park

Multi-Family for Sale
Catylist Listing ID: 30748124
Property Subtypes: Mobile Home Park
Number of Units: 5 Units
Building Size (RSF): 900 SF
Gross Building Area: See Agent
Gross Land Area: 5.55 Acres
Sale Price: $169,900
Unit Price: $33,980 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/2/2021

Overview / Comments

Investors dream. This was once a thriving mobile home park established in the early 90's with great rental income.
Now it is a wonderful opportunity to establish a new 5 unit mobile home park. All the electrical petal stools have been restored. The main well is a 4'' with the second well being a 2'' back-up system and have been restored. 13 septic systems. Huge metal workshop with shelving and concrete flooring. The wells, septic's, and electric petal stools have all been repaired and serviced. Just bring the mobile homes and make some money. Location is not far from I-40 and Burgaw. Prior zoning was for 13 homes.

Additional Details

Nearest MSA: Wilmington
County: Pender
Tax ID/APN: 3341-33-6363-0000
Highway Access: I-40 and Hwy 53
Airports: ILM
Site Description: 5 spots for mobile homes to be placed
Area Description: Rural area but close to Burgaw and about 25 minutes from Wilmington.
Property Condition: Good
Zoning Description: Mobile Home Park
In Flood Plain?: Yes
Water Service: Well
Sewer Type: Septic
Land Ownership: M & R Rentals LLC
Legal Description: PT OF TR 5, PB 15/50 and LT 3 PB 62/61 DODGENS/M&M RENTALS RECOMB

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,183 6,360
Median Age: 40.55 41.95
Households: 469 2,353
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