1301 Verlie Ave - Manufactured Housing/Mobile Housing FOR SALE


Spring Lake, NC 28390- Pine Forest
$995,000 USD
910-988-4263
1301 Verlie Ave, Spring Lake, NC for Sale
$995,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/6
null | 12.56% Cap Rate

1301 Verlie Ave
Spring Lake, NC 28390
Pine Forest


OVERVIEW

The Antoine Mobile Home Park consists of thirty-four (34) park owned homes (one is used as an office) located on 3.2 acres in the Spring Lake Submarket of Fayetteville. The owner has titles for all homes. Park infrastructure consists of one paved road, security lighting, and a camera security system. The Antoine MHP is serviced by city water and sewer. All utilities are individually metered and paid for by tenants. Trash pickup is paid for by owner ($421 monthly). Currently monthly gross operating income is $13,935 ($167,220 annual) with value-add opportunities by increasing rents and renting out the office trailer. Antoine MHP is located off Odell Rd. in the Spring Lake submarket of Fayetteville just two (2) miles from the nearest ACP gate to Fort Bragg. As the world's largest military installation in terms of population, Fort Bragg houses 53,000 active military personnel and supports a combined nearly 265,000 military personnel, civilian employees, retirees, and family members. As such, the base provides an excellent tenant base. The park is also located 1.5 miles from numerous restaurants and the Skyland Shopping Center, the center of retail in Spring Lake.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$34 USD /SF

# OF UNITS

34

PRICE/UNIT

$29,265

CAP RATE

12.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Antoine Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.2 AC

LAND SF

139,392 SF

ZONING

R6A

APN/PARCEL ID

0502106966

ASK ABOUT THIS PROPERTY

Richard Fox IIIGrant-Murray Real Estate LLCMore Info
910-988-4263

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Richard Fox IIIGrant-Murray Real Estate LLCMore Info
910-988-4263

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