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34566195
34566196

65 Green Ridge Lane, Ennice, NC 28623 For Sale

LR
NC 322947
Guardian Real Estate Group
JW
NC 289067
Guardian Real Estate Group
Listed by Guardian Real Estate Group
$400,000
0 days on market
Updated 0 days ago

65 Green Ridge Lane

Details
Property Type Multifamily, Mobile Home Park
Sub Type Single Family Rental Portfolio
Net Rentable (SqFt) 10
Units 10
Cap Rate 9.50%
NOI $62,000
Occupancy 70%
Tenancy Multi
Rent Bumps No
Buildings 10
Acreage 3.680
Zoning RA
Investment Type Value Add

Value add opportunity. 7 out of the 10 units are leased with room for rent bumps/value add

Marketing description

10-Unit Mobile Home Park | Value-Add Investment Opportunity

Discover an exceptional investment opportunity with this 10-unit mobile home park situated on 3.68 acres, offering immediate cash flow and significant upside potential. Located in a peaceful rural setting with scenic mountain and countryside views, this established community is well-positioned to capitalize on the growing demand for affordable housing.

This property presents a strong value-add opportunity for investors seeking to increase returns through operational improvements, rental adjustments, unit renovations, or additional revenue streams. With an established layout and room to maximize performance, the park offers the flexibility to implement a variety of investment strategies.

Affordable housing continues to be one of the most resilient real estate asset classes, making this an attractive opportunity for both experienced investors and those looking to expand their portfolio.

Property Highlights

  • 10-unit mobile home park
  • 3.68-acre site
  • Established income-producing community
  • Strong value-add and upside potential
  • Opportunity to increase NOI through improved management and rental optimization
  • High demand for affordable housing
  • Scenic rural location with mountain views
  • Ideal investment for long-term cash flow and appreciation

Whether you're looking to expand your portfolio or acquire your first mobile home park, this property offers an outstanding opportunity to create value while benefiting from the continued demand for affordable housing. Contact the listing agents for additional financial information, rent roll, and showing details.

Investment highlights

Property Highlights

  • 10-unit mobile home park
  • 3.68-acre site
  • Established income-producing community
  • Strong value-add and upside potential
  • Opportunity to increase NOI through improved management and rental optimization
  • High demand for affordable housing
  • Scenic rural location with mountain views
  • Ideal investment for long-term cash flow and appreciation

Listing Contacts

LR
NC 322947
Guardian Real Estate Group
JW
NC 289067
Guardian Real Estate Group
Listed by Guardian Real Estate Group

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,000.00
$5,166.67/mo

Valuation Metrics

0
DSCR
15.5%
Cap Rate
15.5%
ROI

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Additional Information

Name
Luke Reid
License
322947
Brokerage
Guardian Real Estate Group LLC
Brokerage Phone
7049294889
Title
Broker
Name
Josh Wilson
License
289067
Brokerage
Guardian Real Estate Group LLC
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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