$ 215,000
1657 N Lafayette ST Shelby, NC 28150
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$ 215,000
Est. payment | /mo
10 Acres Lot
$ 215,000
Est. payment | /mo
10 Acres Lot
Key Details
Property Type Commercial
Sub Type Manufactured Home Park
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 4200490
Year Built 1971
Lot Size 10.000 Acres
Acres 10.0
Property Description
Incredible value-add investment opportunity. Mobile home park with 17 lots, each with private or shared septic and shared, newly replaced well. Currently 5 trailers are occupied, 1 is move-in ready, 10 require replacement, one lot is empty.
This mobile home park spans over 10AC of beautifully located property in a fast growing area. Shelby NC has predicted 4.5% population and income growth annually.
This mobile home park is currently generating NOI $24k, with the rents being below the market average and less than 30% of the units being occupied. With additional investment you can turn this property into phenomenal cash flow investment. Priced to sale! Don't miss out on this amazing opportunity!
This mobile home park spans over 10AC of beautifully located property in a fast growing area. Shelby NC has predicted 4.5% population and income growth annually.
This mobile home park is currently generating NOI $24k, with the rents being below the market average and less than 30% of the units being occupied. With additional investment you can turn this property into phenomenal cash flow investment. Priced to sale! Don't miss out on this amazing opportunity!
Location
State NC
County Cleveland
Zoning AA1
Interior
Inclusions Building, Land
Building
Dwelling Type Manufactured
New Construction false
Others
Senior Community false
Restrictions Use
Special Listing Condition None
© 2024 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Ola van Zyl • Keller Williams Connected • ola@dreamteamunited.com
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Anil Kanapadinhare
REALTOR® | Lic# SC 101974 | NC 294451