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1158 Wagon Wheel Rd

11 Unit Mobile Home Park $1,200,000 ($109,091/Unit) 9.85% Cap Rate Hickory, NC 28602

Mobile Home & RV Parks North Carolina Hickory 1158 Wagon Wheel Rd, Hickory, NC 28602

Executive Summary

This is a great Mobile Home Park. New Road was paved in 2023. Unit Two is new, Updated Units Duplex, One, Two, Three, Four, Five, Six (Doublewide), Seven and Nine. Unit eight has not been updated yet. Please see the attachment for Gross and Net Income numbers. Please do not disturb the tenants. The units can be viewed after we have a contract and DD paid. Buyers must provide ability to purchase. SEVERAL PEOPLE HAVE ASKED ABOUT ZONING. THIS PARK IS APPROVED BY COUNTY ZONING IN CATAWBA COUNTY, NC. ADDITIONALLY, THE PARK IS 100 PERCENT TENANT OCCUIPED. .

Attachments

09 18 2024 Updated For Sale 1158 Wagon Wheel Hickory NC Mobile Home Park
Unit Information 1158 Wagon Wheel Road Hickory NC
Tax Information
Rent Roll 1158 Wagon Wheel Road Hickory NC

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $142,140 $142.14
Other Income - -
Vacancy Loss - -
Effective Gross Income $142,140 $142.14
Taxes - -
Operating Expenses - -
Total Expenses $23,899 $23.90
Net Operating Income $118,241 $118.24

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $142,140
Annual Per SF $142.14
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $142,140
Annual Per SF $142.14
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $23,899
Annual Per SF $23.90
Net Operating Income
Annual $118,241
Annual Per SF $118.24

Property Facts Under Contract

Price $1,200,000 Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Dormitory
Price Per Unit $109,091 Lot Size 4.51 AC
Sale Type Investment Building Size 1,000 SF
Cap Rate 9.85% No. Stories 1
No. Units 11 Year Built 1998
Property Type Multifamily
Price $1,200,000
Price Per Unit $109,091
Sale Type Investment
Cap Rate 9.85%
No. Units 11
Property Type Multifamily
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Dormitory
Lot Size 4.51 AC
Building Size 1,000 SF
No. Stories 1
Year Built 1998
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1158 Wagon Wheel Rd, Hickory, NC - aerial map view - Image1
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1158 Wagon Wheel Rd, Hickory, NC - aerial map view - Image11

zoning

Zoning Code R-40 (R-40.)
R-40 (R-40.)
(704) 681-2753

  • Listing ID: 32978565

  • Date on Market: 8/27/2024

  • Last Updated:

  • Address: 1158 Wagon Wheel Rd, Hickory, NC 28602

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1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 1 of 37
Duplex
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1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 13 of 37
Unit Six Doublewide
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Road on subject property recently repaved
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Unit Seven
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 16 of 37
Unit Six Doublewide
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Unit Eight
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 18 of 37
Unit Seven
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 19 of 37
Unit Seven
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 20 of 37
Unit One
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Unit One
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Unit Three
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Unit Nine
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Unit Two
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 25 of 37
Unit Three
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 26 of 37
Unit Three
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 27 of 37
Unit Three
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 28 of 37
Unit Four
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 29 of 37
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Unit Five
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 33 of 37
Unit Five
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 34 of 37
Duplex
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 35 of 37
Duplex
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 36 of 37
Duplex

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1158 Wagon Wheel Rd
(704) 681-2753 x

1158 Wagon Wheel Rd

Craig Julian

(704) 681-2753

(704) 681-2753

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