Southern Pines Mobile Home Park
Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF $ 150,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 20,000
Date Available 01/15/2019
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Description

Location
Residential location surrounded by seasoned subdivisions. Close to airport, retail, new Walmart, and other retail and job centers.

Sale
17 space park. Park is in rough shape. 5 homes occupied today. several homes are fairly close to being rentable. Several are in bad shape and either need serious work or torn down. Several lots are vacant. Park is on well and septic and has dirt roads. Park has tremendous upside. No seller financing. Property has produced upwards of 20-25k of Net income in recent years but has declined to around 10k per year. SEE DOC CENTER FOR FINANCIAL INFO.

Location