0 Sundale LnLincolnton, NC 28092

Property Details for 0 Sundale Ln

Year built

1984

Lot size

2.70 AC

Property size (Sq ft)

4,260 SF

Property type

Mobile home & RV parks

Description

This 2.7-acre mobile home park in Lincolnton, North Carolina, presents a compelling investment opportunity. The property features six mobile homes and eight pads, generating a Net Operating Income (NOI) of $40,815 and an 8.18% capitalization rate. The park's current gross annual income is $43,200, with potential for significant growth. Five park-owned mobile homes are currently rented at $650 per month each, while one unit is under a ground lease at $300 per month. Two mobile homes have undergone recent renovations, including interior updates, new vinyl siding, and metal roofing. The mobile homes range in size from 784 to 924 square feet and were built between 1984 and 1999. Four units have AC and furnace units, while one has AC and a heat pump. While one shared septic system serves two homes, the others have individual systems. The property is zoned R-S and sits on a 2.7-acre lot. County water and sewer are conveniently located approximately 600 feet away, presenting a potential opportunity to expand the park's capacity. A single well currently supplies water to the entire property, with individual shut-off valves for each mobile home. The property's total square footage is 4,260. This well-maintained park offers a solid return on investment with potential for future expansion and increased revenue.

Location Insight

City

Lincolnton

County

Lincoln

State

North Carolina

Latitude

35.4423

Longitude

-81.276

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