104 Lakisha Ct - Manufactured Housing/Mobile Housing FOR SALE


Madison, NC 27025
$966,550 USD
864-525-8562
104 Lakisha Ct, Madison, NC for Sale
$966,550 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/9
null | 6% Cap Rate

104 Lakisha Ct
Madison, NC 27025


HIGHLIGHTS

  • Stabilized six-unit mobile home park with in-place cash flow and a reported 6.0% cap rate.
  • Includes a mix of park-owned and tenant-owned homes, balancing income and maintenance responsibilities.
  • Situated on approximately 4.6 acres with room for future expansion and value-add opportunities.
  • Updated park-owned homes have been maintained under professional management.
  • Private Rockingham County setting near Madison, NC with established residential demand.

OVERVIEW

Excellent 6-Unit Mobile Home Park Investment Opportunity | 4.60± Acres Excellent opportunity to acquire a professionally managed 6-unit mobile home park situated on 4.60± acres in a peaceful, private county setting. This wellmaintained property provides immediate cash flow with additional upside through future expansion. The park consists of four single-wide homes and one double-wide that are parkowned, along with one tenant-owned home, creating an attractive balance of stable rental income and reduced maintenance responsibilities. All park-owned homes have been updated and are in excellent condition, reflecting consistent ownership and proactive management. The property's generous 4.60± acre footprint offers significant value-add potential. There is currently one pad ready for immediate placement of an additional home, with sufficient land and infrastructure to potentially accommodate two to three

FOR SALE DETAILS

PRICE

$966,550 USD

PRICE/SF

$161 USD /SF

# OF UNITS

6

PRICE/UNIT

$161,092

CAP RATE

6%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bald Hill Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RES MIXED

APN/PARCEL ID

124894

ASK ABOUT THIS PROPERTY

Mark GriffinSperry-Griffin PartnersMore Info
864-525-8562

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Mark GriffinSperry-Griffin PartnersMore Info
864-525-8562

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.