For Sale
$750,000

750 Vw RdSalisbury, NC 28146

15-Unit RV Park, High Cash Flow

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity awaits with this 15-unit RV park located at 750 E View Rd, Salisbury, NC 28146. This well-maintained, Class C property, built in 1986, sits on 3.84 acres and boasts a 11.73% cap rate with a current NOI of $87,950. The park features 15 pads, each housing a park-owned mobile home, with the owner holding titles to all units. Currently operating at 100% occupancy since October 23, 2023, this turnkey investment offers immediate cash flow and significant potential for future growth. The asking price is $750,000, or $50,000 per unit. All utilities (water, sewer, and electric) are in place and the infrastructure is well-maintained. The property is zoned R3 and presents a diversified income stream due to the mix of units, catering to a variety of tenants. This represents a strong value-add opportunity with potential for increased ROI through rent adjustments or further development. The property's location in a desirable and growing area of Rowan County ensures high demand for affordable housing options. Don't miss this chance to acquire a stable, cash-flowing investment with substantial upside potential.

Highlights

  • 15-unit mobile home park in Salisbury, NC, generating strong cash flow with an 11.73% cap rate and $87,950 NOI.
  • Located in a desirable, high-demand area of Rowan County, offering affordable housing options.
  • Diverse unit mix ensures stable occupancy and diversified income streams.
  • Currently 100% occupied, providing a turnkey investment opportunity.
  • Excellent cash flow with significant potential for increased ROI through rent adjustments and value-add opportunities.
  • All utilities (water, sewer, electric) are in place; well-maintained infrastructure.

Property Details for 750 Vw Rd

Property type
Mobile home & RV parks, Campgrounds
Class
C
Year Built
1986
Buildings
15
Lot Size (sq. ft)
167,270 SF
Units
15

Location Insight

City
Salisbury
County
Rowan
State
North Carolina
Latitude
35.5780869
Longitude
-80.4679243
750 Vw Rd, Salisbury, North Carolina

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750 Vw Rd
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