Size Upon Req.$750,000
Wonderful Investment Opportunity Southern Pines is a mobile home park with a strong rental history. Set on 12.9 acres with 2400 linear feet of Highway frontage on Highway 99, this investment is currently generating $16,000 in rental income with significant upside potential. Park includes: 1. Street & security lighting 2. Private deep water well with outstanding water source 3. Experienced and dedicated maintenance crew to enable absentee owner success 4. Oversized lots 5. Beautiful rural setting with great access to Hwy 95. Highway 99 is a growth corridor where there are numerous options for land use based on current zoning. 6. Proven management system 7. Paved streets 8. 34 well maintained mobile home with pads and rent to own contracts in place 9. 6 mobile home lots with pads 10. 21 lots ready partially developed for growth 11. 2 lot rentals Current owners will help capable investor to transition ownership to ensure continued success. This park is easily developed and could produce in excess of $22K per month. Additionally, Southern Pines is grandfathered making it one of the few mobile home park sites that will permitted for expansion.