240 MIDWAY Drive, Salisbury, NC 28147

Building Details

Year Built

1976

Listing agent MICHAEL WILLIAMS

Listing office PREMIER REAL ESTATE TEAM INC.

Listing date May 28, 2025

Source Corcoran

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 PREMIER REAL ESTATE TEAM INC.

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Overview

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.

Suggested Use

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

-80.5434

Latitude

35.606

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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 Drive 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.