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Property Description

Excellent investment opportunity to own a 100% occupied, cash-flowing 6-unit mobile home park in the growing Salisbury market. Priced at $340,000 with a 12-month NOI of $35,059, this park offers a 10.3% cap rate with strong, in-place income and upside potential.

All six mobile homes are park-owned, providing full control over rents and maintenance.

Each unit has its own septic system with a shared well, upgraded to
ensure it keeps up with demand.

Over the course of ownership, multiple capital improvements have been completed. Rents have been raised to at or near market rates, minimizing deferred maintenance and maximizing returns.

Located in a high-demand rental area, the park benefits from strong tenant retention and consistent occupancy. Seller financing available for qualified buyers – inquire for terms.

Do not miss this turn-key investment with strong cash flow and room for appreciation.

Address Map
US
NC
Rowan
Salisbury
28147
MIDWAY
240
Drive
0
W81° 27' 23.7''
N35° 36' 20.5''
Additional Information
480 006
MHP
MLS Information
Premier Real Estate Team Inc.
2126
Michael Williams
R42430
743-333-4136

Commercial Sale For Sale

240 MIDWAY Drive, Salisbury, North Carolina 28147

0 Bedrooms
0 Bathrooms
0 Sqft
$340,000
Listing ID #4264219
Basic Details
Property Type : Commercial Sale
Property SubType : Manufactured Home Park
Listing Type : For Sale
Listing ID : 4264219
Price : $340,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 1976
Lot Area : 1.04 Acre
Lot Size SqFt : 0 Sqft
Status : Active
MLS Status : Active
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Agent info
Butch Austin
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