1673 Zebulon DrConover, NC 28613

Property Details for 1673 Zebulon Dr

Property type

Mobile home & RV parks

Property subtype

Residential income homes

Description

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.

Location Insight

City

Conover

County

Catawba

State

North Carolina

Latitude

35.6813

Longitude

-81.151

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