314 Archie Whitesides Rd Gastonia, NC 28052

This exceptional investment opportunity presents Mountain Village Mobile Home Park, a 46-unit mobile home park situated on nearly 20 acres in Gastonia, North Carolina. Located just 20 miles west of Charlotte, this park benefits from Gastonia's strong population growth and convenient access to I-85. The park currently features 40 tenant-owned homes, 1 rent-to-own home, 3 vacant park-owned homes, and 2 vacant lots. While currently utilizing a well and septic system, the park is set up for city water and sewer, offering cost-saving flexibility for the new owner. Lot rents are being increased to a market value of $550 per month. The predominantly tenant-owned homes minimize upkeep and expenses, resulting in a low-maintenance investment. This turnkey operation boasts impressive cash flow and significant upside potential through infilling the vacant lots. The asking price is $2,900,000, reflecting a 6.55% cap rate. This property offers a compelling return on investment within the thriving Charlotte MSA, characterized by strong occupancy, demand, and rental rates.