Historical Multifamily Sale Listing - Rock Hall Mobile Home Park

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Rock Hall Mobile Home Park

5656 A Circle Park Drive, Rock Hall, MD 21661

N/A

31 Spaces | Multifamily

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Rock Hall is a quaint waterfront town on the Eastern Shore.

Multifamily Property - Off Market

Price:
N/A
No. Spaces:
31
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
10.30%
Occupancy:
70%
Lot Size:
2.60 AC
Listing ID
17242388
Last Updated
over 1 year ago

Highlights

  • Price Per Unit = $22,058

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.

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

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Created 7/12/2011