Excellent investment opportunity to own a 100% occupied, cash-flowing 6-unit mobile home park in the growing Salisbury market. Priced at $340,000 with a 12-month NOI of $35,059, this park offers a 10.3% cap rate with strong, in-place income and upside potential. All six mobile homes are park-owned, providing full… Read More control over rents and maintenance. Each unit has its own septic system with a shared well, upgraded to ensure it keeps up with demand. Over the course of ownership, multiple capital improvements have been completed. Rents have been raised to at or near market rates, minimizing deferred maintenance and maximizing returns. Located in a high-demand rental area, the park benefits from strong tenant retention and consistent occupancy. Seller financing available for qualified buyers – inquire for terms. Do not miss this turn-key investment with strong cash flow and room for appreciation. Read Less
Courtesy of Premier Real Estate Team Inc..
Listing Snapshot
Days Online
7
Last Updated
Property Type
Manufactured Home Park
Lot Size
1.04 Acres
Year Built
1976
MLS Number
4264219
30 Days Snapshot Of 28147
$380k
+11%
(avg) sold price
24
-14%
homes sold
69
-9%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Year Built: 1976, Construction Type: Manufactured
Lot
Size: 1.04, Size Units: Acres
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