Gastonia, NC-Mobile Home Park Cash Flow Over $100K yr/CAP Rate: 18% Pending

  • $440,000
Pending

Click Here for Rent Roll

This is an 18 lot mobile home park located in Gaston County, NC.

All mobile home units are owned by the mobile home park.

All units are on septic

Mobile home park has two wells to supply water

 

Monthly Revenue: $8,475

Yearly Revenue: $101,700

CAP Rate: 18%


MONTHLY EXPENSE BREAK DOWN:

$416.67 Maintence/Repairs

$200.00 Trash removal

$ 180.00 Insurance coverage

$ 150.00 Water (Well)

$96. 75  County Taxes

$100.00 Lawn maintenance

MONTHLY EXPENSES: $1,143.42              ANNUAL EXPENSES: $13,721.04

NET INCOME:

$87,978 

 

 

 

 

 

Price:
$440,000
Address:
Gastonia, North Carolina 28052
Lot Size:
11.77 Acres
Terms:
Assignment of Contract
Property Type:
Manufactured
Const. Type:
Mobile Home Park

Additional Features

Disclaimer: Please perform your own due diligence. Property for sale is being sold as-is and buyer is responsible for all title and closing cost. Assigned property may be purchased with cash or hard money. All properties offered are either owned by Level Up REI NC, LLC, or under contract and selling equitable interest and/or offered in conjunction with a business associate. All offers require a non-refundable deposit and 14 day close of escrow. No waiting for a response. We respond immediately to an offer. Equal Opportunity Housing. This deal will be nonassignable, and "daisy-chains" and/or marketing is prohibited. *Non-refundable deposit refundable if property has title issues and can not be transferred at closing or if the transaction does not close do to assignor/seller barriers.

Call 252-349-0708 for more details