3718 Maple Grove Dr
La Grange, NC 28551
Timberlake Estates Mobile Home Park · Multifamily Property For Sale · 27,600 SF

131 big lots within two side-by-side mobile home communities. Details include: * 52 acres of land (located 20 minutes from Goldsboro and 15 minutes from Kinston, NC) * 86 occupied units, consisting of: 1 sales office at 3718 Maple Grove Drive, 1 storage unit (converted home), 61 lot rental only homes, 2 park owned homes that are being rented, 15 park owned homes that have been seller-financed to qualified buyers and are owner-occupied and 3 park owned homes that are under renovation and getting ready to be sold or rented. * 45 vacant lots which have all dedicated utilities in place and are ready for homes to be placed on the lot. * Great on-site property management team with proven track record of both the selling of homes and the collection of monthly payments. * Tenants pay all individual utilities (county water and electric) and cut their own grass. * Property is on high ground, with no history of flooding. * Great demand for clean and affordable housing. i.e. once we have a home available, we can either sell or rent it quickly. * Property currently grosses over $21,000 collections per month, with an approximate 95% collection rate. * Filling up the empty 45 lots with homes would result in an additional $9,000 in collections per month. * Lot rent of $200 per month has not been raised in 18 months. * Property is clean, quiet and safe, with many families. * Serious inquiries only. We don't have to sell, but exploring options.