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9.5 % Cap Rate- Rocky Branch Mobile Home Park
Mobile Home Park | 13 Pads | $39,538/pad
Listing Contacts
License: NC NC 214644
Active
Asking Price: $495,000
Address
114 Cameron Dr, Rockingham, NC 28379
Show on MapDate Added
May 15, 2024
Days on Market
364 days
Time Since Last Update
41 days
Details
Property TypeMobile Home Park
Investment TypeValue Add
Net Rentable (sq ft)9,900
Cap Rate9.50%
Occupancy100%
NOI$48,780
Units11
Pads13
Year Built1999
Year Renovated2023
Buildings11
Stories1
Lot Size (acres)47
Broker Co-OpYes
APN746204-71-1263
Price/Pad$39,538.46
INTELLIGENCEMarketing Description
This 47-acre property, located in a scenic country setting near Highway 74 and Rockingham Motor Speedway, is a great investment opportunity. It currently has rental units with below-market rents, offering immediate cash ow and the potential for increased income. There's plenty of space for expansion, making it ideal for further development. Enjoy the peaceful surroundings while beneting from the income generating potential of this prime real estate. Don't miss out on this opportunity for both immediate returns and long-term growth.
Investment Highlights
- Building Name 9.5 % Cap Rate- Rocky Branch Mobile Home Park
- Property Type Multifamily
- Property Subtype Mobile Home Park
- APN 746204-71-1263
- Building Size 9,900 SF
- Lot Size 47 Acres
- Year Built 1999
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,780.00
$4,065.00/mo
Valuation Metrics
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0
DSCR
9.85%
Cap Rate
9.85%
ROI
Property History
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Due Diligence
Listing Contacts
- License: NC NC 214644
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Additional Information
Additional Information
Broker Name
Steve Hogan
Broker License
NC NC 214644
Brokerage Address
150 North McPherson Church Road, Fayetteville, United States 28303
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