111 Elm Tree Ln Canton, NC 28716
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.