240 MIDWAY Drive Salisbury, NC 28147
Manufactured Home
MLS #: 4264219
Courtesy Of Premier Properties & Investmen
Property InformationDescription
Excellent investment opportunity to own a 100% occupied, cash-flowing 6-unit mobile home park in the growing Salisbury market. Priced at $340,000 with a 12-month NOI of $35,059, this park offers a 10.3% cap rate with strong, in-place income and upside potential.
All six mobile homes are park-owned, providing full control over rents and maintenance.
Each unit has its own septic system with a shared well, upgraded to
ensure it keeps up with demand.
Over the course of ownership, multiple capital improvements have been completed. Rents have been raised to at or near market rates, minimizing deferred maintenance and maximizing returns.
Located in a high-demand rental area, the park benefits from strong tenant retention and consistent occupancy. Seller financing available for qualified buyers inquire for terms.
Do not miss this turn-key investment with strong cash flow and room for appreciation.
All six mobile homes are park-owned, providing full control over rents and maintenance.
Each unit has its own septic system with a shared well, upgraded to
ensure it keeps up with demand.
Over the course of ownership, multiple capital improvements have been completed. Rents have been raised to at or near market rates, minimizing deferred maintenance and maximizing returns.
Located in a high-demand rental area, the park benefits from strong tenant retention and consistent occupancy. Seller financing available for qualified buyers inquire for terms.
Do not miss this turn-key investment with strong cash flow and room for appreciation.
Features
- Age: 41-50 Years Old
- Architecture Style: Other
- Building Units: 6
- Legal Description: L81-92
- MLSID: 4264219
MAP & DIRECTIONS
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