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$ 335,000
Est. payment | /mo
2.57 Acres Lot
$ 335,000
Est. payment | /mo
2.57 Acres Lot
Key Details
Property Type Single Family Home
Sub Type Remarks
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1236460
HOA Y/N No
Year Built 1993
Lot Size 2.570 Acres
Acres 2.57
Property Sub-Type Remarks
Source Triad MLS
Property Description
Investment opportunity in North Wilkesboro! Situated on 2.57 acres, this mobile home park includes 5 homes currently in place with a total of 6 lots, offering established rental income with additional potential. The five homes currently generate a combined $3,650 per month, or $43,800 in annual gross rental income. For Reference with current list price the new owner could expect around a 10-11% CAP rate using the conservative allowance the current owners use for operating expenses. With five income-producing homes already in place and a sixth lot, this property offers an opportunity for an investor looking to add a smaller rental portfolio to their holdings without starting from scratch. Convenient to North Wilkesboro with access to area shopping, services and major roadways. Shown by Appointment only, no drive-bys please.
Expenses, NOI and cap rate are estimates provided for informational purposes only. Buyer and buyer's agent should independently complete their own analysis.
Expenses, NOI and cap rate are estimates provided for informational purposes only. Buyer and buyer's agent should independently complete their own analysis.
Location
State NC
County Wilkes
Interior
Heating Floor Furnace, Electric
Cooling Central Air
Appliance Electric Water Heater
Laundry Washer/Dryer Connection
Exterior
Pool None
Building
Sewer Shared Septic
Water Public
New Construction No
Others
Special Listing Condition Owner Sale
Listed by Angela Reins • eXp Realty
Nearby Locations
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