$408,000
$499,000
18.2%For more information regarding the value of a property, please contact us for a free consultation.
2.7 Acres Lot
SOLD DATE : 06/23/2025
Key Details
Sold Price $408,000
Property Type Commercial
Sub Type Manufactured Home Park
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 4191966
Sold Date 06/23/25
Year Built 1984
Lot Size 2.700 Acres
Acres 2.7
Property Sub-Type Manufactured Home Park
Property Description
ATTENTION INVESTORS! Mobile home park located just minutes from downtown Lincolnton zoned for a 10 space mobile home park. 5 park-owned mobile homes and 1 ground lease. The park currently grosses $43,200 annually with potential to increase. Current Cap Rate of 8.2%. 2 spaces on the right have been used for a septic system, leaving 8 spaces currently usable. One well feeds the whole property with each mobile home having their own cutoff valve. Four mobile homes have ac and furnace units while the other mobile home has ac and heat pump. Only one septic system is shared between two mobile homes, the rest have their own septic system.
Units range from 1984-1999.
Location
State NC
County Lincoln
Zoning R-S
Exterior
Street Surface Gravel
Building
Lot Description Cleared, Wooded
New Construction false
Others
Senior Community false
Restrictions Other - See Remarks
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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© 2025 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Bought with Rebecca Maiwald • Premier South
