For Sale
$1,500,000

1673 Zebulon DrConover, NC 28613

16-unit mobile home park, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional investment opportunity presents a stabilized 16-unit mobile home park situated in Conover, North Carolina, at 1673 Zebulon Dr, 28613. Boasting a strong 8.22% capitalization rate and a substantial net operating income (NOI) of $123,326, this property offers significant financial returns. The park comprises 16 pads, with a unique feature of 5 units situated on their own separate parcels, providing flexibility and potential for individual sales. One unit notably sits on over 3 acres, further enhancing its value and potential. This configuration allows for strategic debt reduction by selling individual units, while maintaining ownership of the remaining 11 units. The property's strong rental history underscores its consistent performance and profitability. This is a rare chance to acquire a valuable asset with inherent upside potential in a desirable location within Catawba County. The asking price for this turnkey investment is $1,500,000. This mobile home park/community presents a unique opportunity for investors seeking a high-yield, multi-family investment with built-in value and flexibility.

Highlights

  • 16-unit mobile home park in Conover, NC, offering an 8.22% cap rate and $123,326 NOI.
  • Five units situated on separate parcels, allowing for individual sales.
  • Excellent rental history and strong financial performance.

Property Details for 1673 Zebulon Dr

Property type
Mobile home & RV parks, Residential income homes
Units
16

Location Insight

City
Conover
County
Catawba
State
North Carolina
Latitude
35.681308141497
Longitude
-81.151041269847
1673 Zebulon Dr, Conover, North Carolina

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1673 Zebulon Dr
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