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27370835
27370836

1060 Old Ballpark Rd, Spindale, NC 28160

TL
FL 0534191
Leoni Real Estate Corp.
ML
FL 3477328
Leoni Real Estate Corp.
Listed by Leoni Real Estate Corp.
$1,000,000
1033 days on market
Updated 59 days ago

Spindale River Mobile Home Park

Details
Property Type Land, Mobile Home Park (+1)
Sub Type Development, Trailer Park
Units 27
Cap Rate 5.5%
NOI $55,000
Occupancy 66%
Pro-Forma Cap Rate 9.2%
Pro-Forma NOI $92,000
Broker Co-Op Yes
Year Built 1996
Acreage 17.390
Investment Type Value Add
Ground Lease No

Value add Mobile home park , zoned for 41 pads, also build 55+ homes

Marketing description

Leoni Companies is pleased to present Spintrail Mobile Home Park, a rare opportunity to acquire 17.39 acres with approvals for 41 pads in the heart of Rutherford County, NC.

Just minutes from the Tryon International Equestrian Center, the property benefits from strong regional growth and connectivity. The park is fully connected to city water and sewer and currently operates with 27 homes in place, generating below-market income—leaving substantial upside for new ownership.

Beyond traditional pad infill, the property’s frontage along Hollands Creek creates the potential for attractive waterfront homes. Investors also have the flexibility to reposition the community into a tiny home or RV park, further enhancing rents and maximizing returns.

Investment highlights

Connection Infrastructure: Fully equipped with municipal water and sewer, ensuring seamless utility access and long-term operational stability.

Waterfront Lifestyle Potential: Nestled along Hollands Creek, the property offers premium waterfront exposure, ideal for future waterfront homes.

Transformative Development Opportunity: Zoning flexibility allows for strategic positioning into RV or Tiny Home Community.

Affordable Living Demand: Positioned to capture the surging demand for attainable housing.

Listing Contacts

TL
FL 0534191
Leoni Real Estate Corp.
ML
FL 3477328
Leoni Real Estate Corp.
Listed by Leoni Real Estate Corp.

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$55,000.00
$4,583.33/mo

Valuation Metrics

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DSCR
5.5%
Cap Rate
5.5%
ROI

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