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101 Old Tavern LN Maiden, NC 28650
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Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 3562843
Sold Date 07/20/20
Lot Size 24.097 Acres
Acres 24.097
Property Description
Why are mobile home parks one of the best investments left in America? GLAD YOU ASKED, Let me tell you! 1.Lower Cost Per Unit (When investing in large multifamily properties or single family homes the cost per unit is high. But mobile home parks allow a person to jump in and acquire more units for less money) 2.Lower cost for repairs and maintenance ( While the mobile home park owner is still going to need to account for the expenses of the upkeep for the park, it will most likely be significantly less than what they would pay for the upkeep of the homes) 3.Spread Out Risk (with more tenants, the risk is spread out more) 4.HIGH Demand (the demand for mobile homes inside well-managed parks is ever increasing)5. Less Tenant Turnover 6.Less Competition (Mobile home park investing is the best kept secret in the real estate investment industry.) Written by: Brandon Turner, Former Contributor of Investing Magazine. 30 Homes Currently occupied, 84 spots Total. Rent Roll Available.
Location
State NC
County Catawba
Exterior
Utilities Available City Sewer, City Water
Total Parking Spaces 168
Building
New Construction false
Others
Restrictions Other - See Media/Remarks
Special Listing Condition None
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Bought with Chelsi Poteat • ERA Mountain View Properties