00 Sundale LN Active Save Request In-Person Tour Request Virtual Tour
Lincolnton,NC 28092
Key Details
Property Type Single Family Home
Sub Type Portfolio
Listing Status Active
Purchase Type For Sale
Square Footage 4,260 sqft
Price per Sqft $117
MLS Listing ID 4193657
Year Built 1984
Lot Size 2.700 Acres
Property Description
ATTENTION INVESTORS! Mobile home park located just minutes from downtown Lincolnton zoned for a 10 space mobile home park. 5 park-owned mobile homes and 1 ground lease. The park currently grosses $43,200 annually with potential to increase. Current Cap Rate of 8.2%. 2 spaces on the right have been used for a septic system, leaving 8 spaces currently usable. County water & sewer is only 600 ft down the road. The 2 lost spaces could potentially be gained back if connected to county utilities. One well feeds the whole property with each mobile home having their own cutoff valve. Four mobile homes have ac and furnace units while the other mobile home has ac and heat pump. Only one septic system is shared between two mobile homes, the rest have their own septic system.
Units range from 1984-1999.
Location
State NC
Zoning R-S
Interior
Heating Central
Cooling Central Air
Building
Lot Description Cleared,Wooded
Dwelling Type Manufactured
Foundation None
Sewer Septic Installed,Shared Septic
Water Shared Well
New Construction false
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None