111 Elm Tree Ln Canton, NC 28716
- Mobile home & RV parks
Current Use by Public Records
- Mobile home & RV parks
Property Details for 111 Elm Tree Ln
- Property type
- Mobile home & RV parks
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Canton
- County
- Haywood
- State
- North Carolina
- Longitude
- -82.864492635624
- Latitude
- 35.457986247677
