5656 A Circle Park Drive
Rock Hall, MD 21661 ·
31 Spaces · Multifamily For Sale
Rock Hall Mobile Home Park
|No. Spaces||31||Cap Rate||10.30%|
|Property Sub-type||Mobile Home/RV Community||Lot Size||2.60 AC|
|Property Use Type||Investment|
|Listing ID: 17242388||Date Created: 07/12/2011||Last Updated: 07/06/2012|
PRICE REDUCED TO $799,000. Cap rate on existing income is 10.3%. Additional upside available through lease up of vacant spaces.
Rare investment opportunity in Kent County. Mobile home park with 31 spaces available (24 of which are rented and occupied) along with a Cape Cod style residence equipped with 2 x 1 bedroom apartments (both units are rented).
Within walking distance to downtown shopping, dining and recreational amenities (beaches).
Rock Hall is a historic town (Est. 1707) situated in Kent County. This quaint waterfront town sits directly on the Eastern Shore of the Chesapeake Bay and is a unique sailing and boating destination. Residents and visitors enjoy a natural wildlife setting and a trip back to a simpler time.
- Price Per Unit = $22,058
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