750 Vw Rd Salisbury, NC 28146
- Mobile home & RV parks
- 3.84 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 750 Vw Rd
- Year built
- 1986
- Lot size
- 3.84 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
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.
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
- Salisbury
- County
- Rowan
- State
- North Carolina
- Longitude
- -80.4679
- Latitude
- 35.5781
