Fairview MH Community | Opportunity Zone | Greenville, NC

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30421261
Property Subtypes: Mobile Home Park
Status: Pending
Number of Units: 65 Units
Building Size (RSF): 8,690 SF
Gross Building Area: See Agent
Gross Land Area: 18.67 Acres
Sale Price: $1,450,000
Unit Price: $22,307.69 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Average Occupancy Rate: 53
Last Updated: 6/24/2019

Overview / Comments

Fairview Mobile Home Community is located at 3415 Whichard Rd in Greenville, NC and has been identified in one of North Carolina's Opportunity Zones. The location of the property is directly beside the Pitt County Fairgrounds off of Old Pactolus Hwy and the Hwy 264 bypass. This park is currently lot rentals only and has a total of 65 spaces of which 33 are occupied. All lots have city water, Greenville Utilities power and 1 on 1 septic. The park has relatively low maintenance with it being all lot rentals and paved access throughout. Current annual gross incomes are averaging 120k with ample room for growth in the additional 33 vacant lots with the infrastructure in place.

Additional Details

Nearest MSA: Greenville
County: Pitt
Tax ID/APN: 78334
Zoning: R6MH
Percent Occupied: 53%
Property Located Between: Old Pactolus Hwy and Hwy 264 Bypass
Airports: Pitt-Greenville Airport
Property Condition: Fair
Parking Type: Surface
Sprinklers: None
In Flood Plain?: Yes
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 35,922 89,709
Median Age: 27.26 30.72
Households: 13,506 36,941

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