This Multifamily Property is Off-Market.

180 South Rd.
High Point, NC 27262 ·

46 Spaces · Multifamily For Sale

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Oaklawn Mobile Home Park

Price N/A Property Use Type Investment
No. Spaces 46 Cap Rate 12.50%
Property Type Multifamily Lot Size 6 AC
Property Sub-type Mobile Home/RV Community
Listing ID: 16280716 Date Created: 06/16/2009 Last Updated: 01/04/2010

Description

This property contains 46 spaces which includes an office and a small apartment. The park is on city water and sewer, individually metered, paved streets and street lights. Stable tenant base, many long term. Park has 5 empty spaces ready to fill, 19 lot rentals, 3 lease to own and 17 park owned homes of which 11 are rented. Monthly income: $8,100.00. Yearly operating expenses: $9,945.00 Lots of room to increase income.

Property sits alongside business I-85 in the Triad between Thomasville and High Point. Minutes from Greensboro, Lexington or Winston Salem. Location! Location! Location!

Research

180 South Rd., High Point, NC 27262 (Guilford County)

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