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Bald Hill Park 104 Lakisha Ct 6 Unit Mobile Home Park $966,550 ($161,092/Unit) 6% Cap Rate Madison, NC 27025
Investment Highlights
- Stabilized six-unit mobile home park with in-place cash flow and a reported 6.0% cap rate.
- Situated on approximately 4.6 acres with room for future expansion and value-add opportunities.
- Private Rockingham County setting near Madison, NC with established residential demand.
- Includes a mix of park-owned and tenant-owned homes, balancing income and maintenance responsibilities.
- Updated park-owned homes have been maintained under professional management.
Executive Summary
Excellent 6-Unit Mobile Home Park Investment Opportunity | 4.60± Acres
Excellent opportunity to acquire a professionally managed 6-unit mobile home
park situated on 4.60± acres in a peaceful, private county setting. This wellmaintained property provides immediate cash flow with additional upside through
future expansion.
The park consists of four single-wide homes and one double-wide that are parkowned, along with one tenant-owned home, creating an attractive balance of
stable rental income and reduced maintenance responsibilities. All park-owned
homes have been updated and are in excellent condition, reflecting consistent
ownership and proactive management.
The property's generous 4.60± acre footprint offers significant value-add potential.
There is currently one pad ready for immediate placement of an additional home,
with sufficient land and infrastructure to potentially accommodate two to three
Excellent opportunity to acquire a professionally managed 6-unit mobile home
park situated on 4.60± acres in a peaceful, private county setting. This wellmaintained property provides immediate cash flow with additional upside through
future expansion.
The park consists of four single-wide homes and one double-wide that are parkowned, along with one tenant-owned home, creating an attractive balance of
stable rental income and reduced maintenance responsibilities. All park-owned
homes have been updated and are in excellent condition, reflecting consistent
ownership and proactive management.
The property's generous 4.60± acre footprint offers significant value-add potential.
There is currently one pad ready for immediate placement of an additional home,
with sufficient land and infrastructure to potentially accommodate two to three
Property Facts
| Price | $966,550 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $161,092 | Apartment Style | Garden |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6% | Building Size | 6,000 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2010 |
| Zoning | RES MIXED | ||
| Price | $966,550 |
| Price Per Unit | $161,092 |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | B |
| Building Size | 6,000 SF |
| No. Stories | 1 |
| Year Built | 2010 |
| Zoning | RES MIXED |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 124894 | Improvements Assessment | $16,000 |
| Land Assessment | $52,763 | Total Assessment | $68,763 |
Property Taxes
Parcel Number
124894
Land Assessment
$52,763
Improvements Assessment
$16,000
Total Assessment
$68,763
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Bald Hill Park | 104 Lakisha Ct
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