$425,000Size Upon Req.
BLUE RIDGE MHPK=12 LOTS==11 HOMES==WELL WATER AND 1 MHOME PER SEPTIC==PAVED STREET==STORAGE BLDG==MONTHLY RENT APPROX $5,590.==CALL REBECCA FOR FINANCIAL INFO.
100% OCCUPIED WITH GREAT RENTAL HISTORY. CLOSE TO LR UNIVERSITY. NEWER ROOF AND HVAC UNITS. PAVED PARKING LOT. Taxes are approximately $2051.28 Yearly. Water/Sewer paid for by seller. Month to month long term Tenants. No low offers will be accepted.
50,000 below tax value. Excellent Conover location with great rental history, 2 family, 6 bedrooms, 2 full bathrooms, 2- 1/2 baths, kitchen, dining room, living room, and 2 laundry rooms, Heat pump, Built 2003 close to shopping, work, dining, and schools! Great investment opportunity!
Value-add 8 family residential property in Hickory, North Carolina. All units are 2 bed, 1 bath each unit appx 672 sqft. Annual taxes $1,155.00.
ONLY $29k PER UNIT for small "courtyard style" apartment community with lots of renovations over the past several years.
$1,421,507Size Upon Req.
This one hits the sweet spot: 37% increase in NOI projected for 2016. Cap Rate based on 2015 NOI. 2016 Projected cap rate 10.7% No Park Owned Mobile Homes, City Water & Sewer Billed To The Tenants, Located Near But Not In The City Limits. All power billed directly to tenants. Water & sewer are submetered and billed to tenants by 3rd party. New electronic meters. All water lines inspected by professional leak detection company in 2014. Long term manager on staff.
$250,000Size Upon Req.
Attention Investors!!! Beautiful 22 unit mobile home park. 16 park owned mobile homes, 6 vacant lots. Great Location and Cash Flow! Gross income is over $53,000 annually. Public water/septic. Paved Roads. Park manager on site. Large, level lots. Maintenance Shed. Tenants provide for their own trash service. Parks pays water (one meter) and electric for street lights. No sign at property, owner asks that tenants not be disturbed.
$89,900Size Upon Req.
Price Just Reduced! 5 Unit Mobile Home park in park like setting! 5 park owned single wide mobile homes rented. Rents are $350, $325, $350, $350 and $400 (Annual Gross Income= $21,300) . Units 1-4 are 2 bed, one bath. Unit #5 is 2 bed, 2 bath. The mobile homes are 1983-1985 models. Beautiful, quiet setting. Level land. Well and Septic. This mobile home offers each mobile home plenty of room and the large, park like field for the tenants to enjoy! Situated in Burke County this park is only minutes from the city of Morganton and access to I-40. No more units may be added to the property. The septic systems are located in the large field. Per seller: Unit 1 has it's own septic systems, unit 5 has it's own septic system, units #2, 3 and #4 share a septic system. Owner pays for the electric to the well only. Tenants pay their own electric. Owner pays $150 per month to have park and field grass cut.
$850,000Size Upon Req.
SPACIOUS MHP WITH TREMENDOUS UPSIDE. Extra Large Lots, One of the last MHP's permitted for construction in the county, built in 1999. So much potential for a new owner to improve existing cash flows. Well maintained, and only two minutes to I-40. Largest area employers within 5 to 15 minutes. Claremont is less than 12 minutes from Hickory and the primary shopping district of the surrounding 4 counties. This 37 space park has approximately 60% park-owned mobile homes most are newer models with shingled roofs, vinyl siding and HVAC -with room for rent increases and additional lots ready for your own park owned homes to significantly increase NOI. As typical to area parks, Woods Hall MHP has well water and septic; however, new owner could easily add metering since rents are already under market. Huge upside potential on this one!
$286,000Size Upon Req.
PRICE REDUCED - NO PARK OWNED HOMES - UPSIDE POTENTIAL, Park is permitted for 63 spaces. 20 are developed, 17 are occupied. located less than 5 minutes to Walmart, the central shopping district for the county and Highway 321 (main Hwy linking Lenoir with Hickory and Charlotte). Beautifully wooded park, well maintained, with paved drives, 20 spaces (3 vacant), 1 stick built home and 1 garage / warehouse. On site management. Rents 15%+ below market rates. 13.26% Proforma Cap Rate achieved by increasing rents to market. Higher potential by filling vacant lots