Mobile Home Park with Storage
For Sale
$1,590,000
1717 Roscoe Howey Road, Waxhaw, NC 28173
The community includes nine park-owned homes, individual septic systems, and shared well service.
Property Size7,756 SF
Price / SF$205
Days on Market196
Property Features for 1717 Roscoe Howey Road
General Information
Standard status
Active
Size
7,756 SF
Property subtype
Residential Income
Zoning
AF8
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Cap Rate
7.5%
Multifamily Units
9
Building Details
Building Size
7,756 SF
Year Built
1984
Units
9
Tenancy
Multi
Listing Agency:
Buddy Harper Team Realty
(704) 879-7155
Listed By:
Buddy Harper · License #211896
(704) 747-4016
Source:
Buddyharper
Added: Apr 11
Changed: Oct 22
Last Checked: Oct 22 at 2:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Buddy Harper Team Realty
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Investment Insights
Based on property information with market context.
This mobile home park contains nine park-owned homes across two parcels totaling just under 4 acres. Four storage buildings and an insulated pump house provide additional storage. Each home has a separate septic tank, while a shared 150-foot-deep well serves the community; its pump was replaced in 2024. The property was built in 1984 and is zoned AF8.
The site has approximately 428 feet of frontage on Roscoe Howey Road and is bordered by Porter Drive on the west. Waxhaw is less than 6 miles away, downtown Monroe is 6.7 miles away, and Wesley Chapel Village Commons is 5 miles away.
Occupancy has remained near 100%, with renters averaging more than 5 years at the property. The reported cap rate is 7.5%.
The site has approximately 428 feet of frontage on Roscoe Howey Road and is bordered by Porter Drive on the west. Waxhaw is less than 6 miles away, downtown Monroe is 6.7 miles away, and Wesley Chapel Village Commons is 5 miles away.
Occupancy has remained near 100%, with renters averaging more than 5 years at the property. The reported cap rate is 7.5%.
Key Highlights
- Nine park‑owned mobile homes on just under 4 acres
- Approximately 428 feet of frontage on Roscoe Howey Road; bordered by Porter Drive to the west
- Four storage buildings and an insulated pump house
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,651
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,020
$1.3M
Cap Rate 7%
$909,300
$909.3K
Cap Rate 9%
$707,233
$707.2K
Market Conditions
NOI Build-Up for 7,756 SF
Gross rent
$122.9K $15.84/SF
− Vacancy
−$7.1K −$0.92/SF
EGI
$115.7K $14.92/SF
− OpEx
−$52.1K −$6.71/SF
NOI
$63.7K $8.21/SF
Area
Union County, NC
Vacancy
5.80%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,020
Cap Rate 7%
$909,300
Cap Rate 9%
$707,233
Alternative Uses
Best Use
Apartment 5plus
$909.3K
$795.6K – $1.06M
NOI $63,651 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.79M
NOI $167,697 @ 7.0% cap · market cap 10.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
9
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
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Business Placement
Demographics for 28173, NC
64,144
Population
20,801
Households
3.1
Avg Household Size
39
Median Age
57%
College-Educated
95%
High-School Grad
106.3 sq mi
ZIP Area
603
Density / Sq Mi
$146,196
Median Household Income
$59,188
Median Earnings
$1,700
Median Rent
$558,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - The community includes nine park-owned homes, individual septic systems, and shared well service.
Where is this mobile home & rv park located?
The property is located at 1717 Roscoe Howey Road Waxhaw, NC.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Nine park‑owned mobile homes on just under 4 acres; Approximately 428 feet of frontage on Roscoe Howey Road; bordered by Porter Drive to the west; Four storage buildings and an insulated pump house
