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MLS#1236460
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Fuel Type: Electric
Heating: Floor Furnace, Electric
Lot Size: 2.57 Acres
Year Built: 1993
Feature Descriptions
Appliance: Electric Water Heater
Days on Site: 10
Exterior: Aluminum Siding
Lot Dimensions: 2.57 acre(s)
Sewer: Shared Septic
Water: Public
Water Heater: Electric
Listed By / Shown By
Listed By
Agency Name: eXp Realty
Shown By
Agent Name: Lori Kindle
Agent Phone: (704) 928-5022
Agency Title: Lake Norman Realty
Estimate Your Payment
Estimated Payment
$ 1,880.72 per month $1,783.01 Principal & Interest $0.00 Property Tax (data not provided by mls) $97.71 Homeowner's InsuranceChange Payment Information
148 Church Park Road | MLS# 1236460
This multi-family property located at 148 Church Park Road , North Wilkesboro, NC 28659 is currently listed for sale with an asking price of $335,000. Search North Wilkesboro real estate on lorik.lakenormanrealty.com today.