This property is Off-Market

5656 A Circle Park Drive
Rock Hall, MD 21661 ·

31 Spaces · Multifamily For Sale

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Rock Hall Mobile Home Park

Price N/A Commission Split 2.5%
No. Spaces 31 Cap Rate 10.30%
Property Type Multifamily Occupancy 70%
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

Description

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.

Highlights

  • Price Per Unit = $22,058

Research

5656 A Circle Park Drive, Rock Hall, MD 21661 (Kent County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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