148 Church Park Road, North Wilkesboro, NC 28659
- $335,000
- List Price
- $335,000
- MLS#
- 1236460
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Remarks
- Lot Size
- 111,949
Property Description
Investment opportunity in North Wilkesboro! Situated on 2.57 acres, this mobile home park includes 5 homes currently in place with a total of 6 lots, offering established rental income with additional potential. The five homes currently generate a combined $3,650 per month, or $43,800 in annual gross rental income. For Reference with current list price the new owner could expect around a 10-11% CAP rate using the conservative allowance the current owners use for operating expenses. With five income-producing homes already in place and a sixth lot, this property offers an opportunity for an investor looking to add a smaller rental portfolio to their holdings without starting from scratch. Convenient to North Wilkesboro with access to area shopping, services and major roadways. Shown by Appointment only, no drive-bys please. Expenses, NOI and cap rate are estimates provided for informational purposes only. Buyer and buyer's agent should independently complete their own analysis.
/u.realgeeks.media/fanniefleming/ERALiveMoore_white.png)
Additional Information
- Acres
- 2.57
- Appliances
- Electric Water Heater
- Cooling Type
- Central Air
- Environmental Hazards
- No
- Heating
- Floor Furnace, Electric
- Heating Fuel
- Electric
- Lot Size
- 111,949
- Parking
- Driveway
- Sewer
- Shared Septic
- Show Street Address
- Yes
- Water
- Public
- Water Heater
- Electric
- Year Built
- 1993
Mortgage Calculator
Listing courtesy of eXp Realty. Contact: