21 lot park for sale in Newland, NC (about 30 mins from Boone). Great cash flow and long term tenants. Tenant owned homes. Follow link for more information. If you have any questions, please email derek@coltinvest.com. No owner financing.
Asking $425,000
Newland Mobile Home Park
235 Old Vale Rd, Newland, NC
21 lots
19 occupied tenant owned homes, lot rent $225
2 vacant lots
City water and sewer
Water is master meter and we bill tenants individually
$10k recently spent upgrading sewer lines in the park
Good collections, long term tenants
Tenants mow their own grass, no common areas
Expenses:
property tax $2,361.49
Insurance: $300