Investment-15 Unit Mobile Home Park

Multi-Family for Sale
Catylist Listing ID: 30337962
Property Subtypes: Mobile Home Park
Number of Units: 15 Units
Building Size (RSF): 12,000 SF
Gross Building Area: See Agent
Gross Land Area: 4.37 Acres
Sale Price: $315,000
Unit Price: $21,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/30/2018

Overview / Comments

4.37 acres with 15 Mobile Home Sites, built in the 70'/80's zoned R-20. Sale includes 13 Mobile Homes, currently leased. Approximately 50% renovated. Located in the Township of Rocky Point with a Burgaw address. 20 minutes North of Wilmington on I-40. Site is 3 miles from Rocky Point Exit with Grocery, Shopping, Gas, etc. Well and Septic with Community water/sewer available. Paved Street. Value add opportunity.

Additional Details

Nearest MSA: Wilmington
County: Pender
Tax ID/APN: 3236-76-2584-0000
Zoning: R-20
Property Located Between: Wilmington, NC and Burgaw, NC
Highway Access: 3 miles to I-40
Site Description: 50% of homes renovated since 2015. Currently, permit allows one well to service 14 lots. Additional well permit could be applied for to service 15th lot. Water and Sewer are available for a tap fee per lot.
Total Number of Buildings: 13
Property Condition: Good
Year Renovated: 2017
Zoning Description: Zoned R-20. Commercial Land use. Currently, permit allows one well to service 14 lots. Additional well permit could be applied for to service 15th lot. Water and Sewer are available for a tap fee per lot.
Water Service: Well
Sewer Type: Septic
Legal Description: TR 1,PB 40/008 MARJORIE NEWCOM

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Demographic Statistics

Proximity: 5 miles
Total Population: 9,781
Median Age: 38
Households: 3,645
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