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Property profile & analytics
OFF-MARKET
Mobile home & RV parks

111 Elm Tree Ln Canton, NC 28716

Property ID
US53-4745473
Property summary
AI-generated overview

This exceptional investment opportunity presents a thriving 12-acre RV and mobile home park situated on the river in Canton, North Carolina. The property comprises three parcels and includes nine RV pads, each generating $700 in monthly revenue. Four mobile homes are currently rented, three at $1000 per month and one at $1800 per month. A charming 1940s-built house adds to the income stream, renting for $2200 monthly. Additional amenities include a barn, hay field, and chicken house. The park is serviced by a well with a 2500-gallon holding tank and a septic system. There's significant potential for expansion with space for five additional RV or mobile home pads. The property is located in a partial flood plain. Note that the property is classified as Class B and is considered a value-add investment. The seller is open to considering partial owner financing with a suitable offer. This is a rare chance to acquire a well-established, income-producing property with considerable upside potential. The asking price is $1,350,000.

Property profile
Verified
Property type Mobile home & RV parks
UPID US53-4745473
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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