1059 Eller Rd - Manufactured Housing/Mobile Housing FOR SALE


Lexington, NC 27295- Davidson
$1,140,000 USD
336-529-4400
1059 Eller Rd, Lexington, NC for Sale
$1,140,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/3
null | 8.21% Cap Rate

1059 Eller Rd
Lexington, NC 27295
Davidson


HIGHLIGHTS

  • Below market rents
  • Month to month leases
  • Attractive investment opportunity

OVERVIEW

23-space mobile home park situated on ±6.93 acres, offering income with meaningful upside by raising the below-market month to month rents currently in place. Lot rents are $280/month while the 5 park-owned homes lease at an average of $775/month. The last rental increase was 2 years ago. Strong history of occupancy and long-term tenants. The property is served by public water (individually metered) and septic. Located just south of Winston-Salem in an established residential setting, the park offers convenient access to major highways, Triad retail and employment centers, supporting stable cash flow and long-term income growth. 1059 Eller Road is ideally located in a thriving area of Lexington, North Carolina, just minutes from downtown shopping, dining, and services. Residents enjoy easy access to I-85 and US-52, making commutes throughout the Piedmont Triad simple and convenient. Surrounded by established neighborhoods, the property offers a desirable, comfortable setting perfect for long-term tenancy

FOR SALE DETAILS

PRICE

$1,140,000 USD

PRICE/SF

$48 USD /SF

# OF UNITS

23

PRICE/UNIT

$49,565

CAP RATE

8.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

PARKING SPACES

23

LAND DETAILS

LAND ACRES

6.93 AC

LAND SF

301,871 SF

ZONING

RA3

APN/PARCEL ID

13-022-0-000-0027-0-0-0

ASK ABOUT THIS PROPERTY

Drew SiegristLinville Team PartnersMore Info
336-529-4400

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

Drew SiegristLinville Team PartnersMore Info
336-529-4400

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