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240 Midway Dr Salisbury, NC 28147

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For Sale
$340,000

Fully occupied mobile home park with strong income and upside.

Building Details

Year built
1976

Source: PREMIER REAL ESTATE TEAM INC. Agent MICHAEL WILLIAMS

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Cash-Flowing Mobile Home Park Investment

This is an investment opportunity to acquire a 100% occupied, cash-flowing 6-unit mobile home park located in the Salisbury market. The property is priced at $340,000, with a 12-month Net Operating Income (NOI) of $35,059, offering a 10.3% cap rate. All six mobile homes are park-owned, providing control over rents and maintenance. Each unit has its own septic system, and there is a shared well that has been upgraded. Capital improvements have been completed, and rents have been raised to market rates. The park benefits from strong tenant retention and consistent occupancy due to its location in a high-demand rental area. Seller financing is available for qualified buyers.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Mobile home & RV ...

Suggested Use

Restaurant Clothing Store Building Supply Daycare Center Wholesale Shop Auto Repair Shop Grocery Store Auto Parts Store Cafe & Coffee Shop Discount Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Salisbury
County
Rowan
State
North Carolina
Longitude
-80.5434046
Latitude
35.6059541

FAQs

What type of property is this?
Mobile home & RV park - Fully occupied mobile home park with strong income and upside.
Where is this mobile home & rv park located?
The property is located at 240 Midway Dr Salisbury, NC.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: - 10.3% Cap Rate with $35,059 NOI: Demonstrates strong current income.; - 100% Occupied: Indicates immediate cash flow.; - All Six Mobile Homes are Park-Owned: Provides full control.
More about this property
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