Sandy Ridge Mobile Home Park

Multi-Family for Sale
Catylist Listing ID: 30147846
Property Subtypes: Mobile Home Park
Number of Units: 14 Units
Building Size (RSF): 900 SF
Gross Land Area: 6.90 Acres
Sale Price: $425,000
Unit Price: $30,357.14 Per Unit
Property Use Type: Investment
Building Name: Sandy Ridge Mobile Home Park
Sale Terms: Cash to Seller
Cap Rate: 7.11%
Last Updated: 11/15/2019

Overview / Comments

Value Add Mobile home park located in Edgecombe County, NC near Tarboro, NC. Park has a total of 14 lots with 9 park owned trailers and 5 lot rentals. Please contact broker for more information.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $1,729 (Annual)
Tax Value Land $141,000
Tax Value Improvements $41,066
Assessed Value - Total($) $182,068 (Annual)
Potential Rental Income $81,300 (Annual)
Gross Operating Income $51,471 (Annual)
Net Operating Income $47,000 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Rocky Mount
County: Edgecombe
Taxing Authority: Edgecombe County
Tax ID/APN: 473657143300, 473657706200, 473657604500, 473657502800, 473657319200, 473657218600, 473657126000, 473657235900, 473657337600, 473657439200, 473657621900, 473657723500, 473657825200, 473657918900
Zoning: RA
Total Number of Buildings: 13
Property Condition: Average
Water Service: Municipal
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,936 15,505
Median Age: 39.42 41.29
Households: 2,965 6,034
The information presented herein is provided as is, without warranty of any kind. Neither Cape Fear REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.