750 Vw Rd Salisbury, NC 28146

Exceptional investment opportunity awaits with this 15-unit RV park located at 750 E View Rd, Salisbury, NC 28146. This well-maintained, Class C property, built in 1986, sits on 3.84 acres and boasts a 11.73% cap rate with a current NOI of $87,950. The park features 15 pads, each housing a park-owned mobile home, with the owner holding titles to all units. Currently operating at 100% occupancy since October 23, 2023, this turnkey investment offers immediate cash flow and significant potential for future growth. The asking price is $750,000, or $50,000 per unit. All utilities (water, sewer, and electric) are in place and the infrastructure is well-maintained. The property is zoned R3 and presents a diversified income stream due to the mix of units, catering to a variety of tenants. This represents a strong value-add opportunity with potential for increased ROI through rent adjustments or further development. The property's location in a desirable and growing area of Rowan County ensures high demand for affordable housing options. Don't miss this chance to acquire a stable, cash-flowing investment with substantial upside potential.