1603 Melvinville Ct - Manufactured Housing/Mobile Housing FOR SALE


Fayetteville, NC 28312- Cape Fear
$1,050,000 USD
917-993-3538
1603 Melvinville Ct, Fayetteville, NC for Sale
$1,050,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/10
null | Request Cap Rate

1603 Melvinville Ct
Fayetteville, NC 28312
Cape Fear


OVERVIEW

Excellent investment opportunity and ability to improve income. Riverside Mobile Home Park Fayetteville NC, east side of Fayetteville. Located on the Cape Fear River just 2.5 miles from I95 business, 19.6 acres. 29 pads with 11 TOH (tenant owned) mobile homes, 18 POH (park owned homes) one is currently used as storage but can be rented. Zoning is now SF6, check with zoning for growth potential. The M101 MH zoning is grandfathered in for the current 29 pads. These can be changed out for new/newer mobile home replacement but the MHP can't be expanded. 11 acres or so are vacant and lead to the river. Rent roll is in the document attachment. This park is convenient to downtown, groceries and major highways.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

29

PRICE/UNIT

$36,207

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Riverside Mobile Home Park 19.6Acres

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

19.6 AC

LAND SF

853,776 SF

ZONING

SF-6

APN/PARCEL ID

0446-25-9467

ASK ABOUT THIS PROPERTY

Mary Ellen HolleranHolleran Real Estate & Consulting LlcMore Info
917-993-3538

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Mary Ellen HolleranHolleran Real Estate & Consulting LlcMore Info
917-993-3538

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