$255,000
$215,000
18.6%For more information regarding the value of a property, please contact us for a free consultation.
10 Acres Lot
SOLD DATE : 12/20/2024
Key Details
Sold Price $255,000
Property Type Commercial
Sub Type Manufactured Home Park
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4200490
Sold Date 12/20/24
Year Built 1971
Lot Size 10.000 Acres
Acres 10.0
Property Sub-Type Manufactured Home Park
Property Description
Incredible value-add investment opportunity. Mobile home park with 17 lots, each with private or shared septic and shared, newly replaced well. Currently 5 trailers are occupied, 1 is move-in ready, 10 require replacement, one lot is empty.
This mobile home park spans over 10AC of beautifully located property in a fast growing area. Shelby NC has predicted 4.5% population and income growth annually.
This mobile home park is currently generating NOI $24k, with the rents being below the market average and less than 30% of the units being occupied. With additional investment you can turn this property into phenomenal cash flow investment. Priced to sale! Don't miss out on this amazing opportunity!
Location
State NC
County Cleveland
Zoning AA1
Exterior
Street Surface Dirt
Building
New Construction false
Others
Senior Community false
Restrictions Use
Special Listing Condition None
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Bought with Joshua Philbeck • Coldwell Banker Commercial Dominion Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "