184 Maple Road - Mobile Home Park

Multi-Family for Sale
Catylist Listing ID: 30732507
Property Subtypes: Mobile Home Park
Number of Units: 15 Units
Building Size (RSF): 10,000 SF
Gross Building Area: See Agent
Gross Land Area: 4.37 Acres
Sale Price: $624,000
Unit Price: $41,600 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Mobile Home Park
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/14/2021

Overview / Comments

Owner has invested significant capital into the property in the last twelve months including full replacement two units and complete renovation on eleven units. Renovations include new paint, carpet, flooring, kitchens, appliances, windows. Six of the units have entirely new HVAC systems with warranties in place. Landscaping has been rehabbed and the street paved. The well on-site services the entire park and is about 7 years old. Each unit has its own septic with no known issues. Recent kool-seal added to all roofs for water proofing and increased efficiency. Park currently has one unit out of service, approximate cost to finish the unit is $12,000. Additional upside here with the ability to push rents on the units closer to $700 per month for a renovated 2bed/1 bath and $750+ per month for a renovated 3 bed/1 bath.

Attachments & Media

Financials

Finance Data Year 2021
Potential Rental Income $121,410 (Annual)
Net Operating Income $88,239 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Wilmington
County: Pender
Tax ID/APN: 3236-76-2584-0000
Zoning: RP - RESIDENTIAL PERFORMANCE(PENDER COUNTY)

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Demographic Statistics

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

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