Warhorse Mobile Home Park

Multi-Family for Sale
Catylist Listing ID: 30796542
Property Subtypes: Mobile Home Park
Number of Units: 14 Units
Building Size (RSF): 9,000 SF
Gross Building Area: See Agent
Sale Price: $279,000
Unit Price: $19,928.57 Per Unit
Property Use Type: Investment
Building Name: Warhorse Mobile Home Park
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/19/2022

Overview / Comments

14 pad mobile home park with 12 trailers that convey situated on 8 Parcels (see attached plat map). One lot is Warhorse Street and there are 7 adjoining lots with 2 MH pads on each. each pad has a septic system and there is one well serving the park. Present income is $3200 per month (see attached rent roll).

Rents are well below market and there are several vacant trailers that could generate more income once repaired. This is a great sweat equity-value add opportunity.

Additional Details

Nearest MSA: Fayetteville
County: Cumberland
Taxing Authority: Cumberland County
Tax ID/APN: 0426-00-8248-
Zoning: R10
Site Description: level and cleared
Area Description: central location
Property Condition: Fair
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,490 67,092 148,700
Median Age: 33.62 35.1 33.51
Households: 2,936 27,193 60,466


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