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2 Park Porfolio | 89 Units 2 Multifamily Properties Offered at $7,100,000 in Multiple Locations
Investment Highlights
- All tenants on month-to-month leases
- Predominantly tenant-owned portfolio
- Below market rents
- City Water & Sewer at both parks
Executive Summary
Presenting an opportunity to acquire a 2 park portfolio totaling 89 pads in Winston-Salem and Lewisville. Sides Mobile Home Court (53 sites) and Lazy Acres (36 pads) offer below market rents and month to month leases.
Both communities are served by city water and sewer and are well located offering convenient access to local amenities, employment centers, and the expanding Winston-Salem market. As demand for affordable housing continues to grow, this portfolio presents an opportunity for an investor to increase operational efficiencies and raise rents to market.
Both communities are served by city water and sewer and are well located offering convenient access to local amenities, employment centers, and the expanding Winston-Salem market. As demand for affordable housing continues to grow, this portfolio presents an opportunity for an investor to increase operational efficiencies and raise rents to market.
Property Facts
| Price | $7,100,000 | Number of Properties | 2 |
| Price / SF | $64.07 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 110,820 SF |
| Status | Active | Total Land Area | 24.05 AC |
| Price | $7,100,000 |
| Price / SF | $64.07 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 110,820 SF |
| Total Land Area | 24.05 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5800 Kinney Rd, Lewisville, NC 27023 | Multifamily | 50,400 SF | 1967 | - |
| 2616 Sides Village Dr, Winston-Salem, NC 27127 | Multifamily | 60,420 SF | 1957 | - |
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