11-Home Mobile Home
For Sale
$650,000
5730 Fallston Rd, Lawndale, NC 28090
The 6-acre property includes 11 mobile homes and a single entrance.
Property Size4,500 SF
Lot Size6.00 Acres
Price / SF$144.44
Days on Market8
Property Features for 5730 Fallston Rd
General Information
Standard status
Active
Size
4,500 SF
Lot size
6.00 Acres
Property subtype
Residential Income
Property Condition
Severity
Repairs Needed
Evidence
needing work to be completed
Additional Details
Gross Income
$78,000
Road Access
Yes
Mobile Home Lots
11
Tenant in Place
Yes
Listing Agency:
Rivera
Listed By:
Juan Rivera · License #289777
(215) 771-3322
Source:
Exprealty
Added: Oct 20
Changed: Oct 27
Last Checked: Oct 27 at 4:08AM
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 Rivera
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mobile home park occupies 6 acres and contains 11 mobile homes. Tenancies are month to month. One entrance serves the property, providing a single point of access for vehicles.
The owner pays property taxes and trash service; tenants cover their own utilities.
The owner pays property taxes and trash service; tenants cover their own utilities.
Key Highlights
- 6‑acre mobile home park
- 11 mobile homes on the property
- Single entrance in and out of the park
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,417
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,340
$728.3K
Cap Rate 7%
$520,243
$520.2K
Cap Rate 9%
$404,633
$404.6K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$70.7K $15.72/SF
− Vacancy
−$4.5K −$1.01/SF
EGI
$66.2K $14.71/SF
− OpEx
−$29.8K −$6.62/SF
NOI
$36.4K $8.09/SF
Area
Cleveland County, NC
Vacancy
6.40%
Lease Rate
$15.72 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$728,340
Cap Rate 7%
$520,243
Cap Rate 9%
$404,633
Alternative Uses
Best Use
Apartment 5plus
$520.2K
$455.2K – $607.0K
NOI $36,417 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$1,000.0K – $1.33M
NOI $79,996 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 28090, NC
7,870
Population
3,413
Households
2.3
Avg Household Size
45
Median Age
19%
College-Educated
83%
High-School Grad
93.7 sq mi
ZIP Area
84
Density / Sq Mi
$52,224
Median Household Income
$41,028
Median Earnings
$680
Median Rent
$140,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - The 6-acre property includes 11 mobile homes and a single entrance.
Where is this mobile home & rv park located?
The property is located at 5730 Fallston Rd Lawndale, NC.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 6‑acre mobile home park; 11 mobile homes on the property; Single entrance in and out of the park
