00 Sundale Ln Lincolnton, NC 28092
- Commercial real estate
- 4,260 SF
- 2.70 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 00 Sundale Ln
- Year built
- 1984
- Lot size
- 2.70 lot acres
- Property size
- 4,260 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 2.7-acre mobile home park ideally situated just minutes from downtown Lincolnton, NC. The property, encompassing 4,260 square feet, is zoned for a 10-space mobile home park and currently features five owner-occupied mobile homes and one ground lease. Generating a substantial annual gross income of $43,200, this park boasts a current capitalization rate of 8.2%, offering significant potential for increased profitability. Two spaces are currently utilized for a septic system, leaving eight readily usable spaces. A single well efficiently supplies water to the entire property, with individual shut-off valves for each mobile home. Four mobile homes are equipped with AC and furnace units, while one features AC and a heat pump. The septic system configuration includes one shared system for two mobile homes, with the remaining units each having their own private system. The mobile homes themselves range in age from 1984 to 1999, presenting opportunities for upgrades and further revenue enhancement. This property represents a compelling investment prospect with strong existing cash flow and considerable upside potential. The convenient location near downtown Lincolnton adds to its overall appeal.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lincolnton
- County
- Lincoln
- State
- North Carolina
- Longitude
- -81.276
- Latitude
- 35.4425
