1159 S US 17 Hwy | Elizabeth City, NC 27909
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1159 S US 17 Hwy
Elizabeth City, NC 27909
Schooner Village · Land For Sale · 4.23 AC
Investment Highlights
- income opportunity
- long term tenants
PROPERTY FACTS
| Property Type | Land | Proposed Use | Trailer or Camper Park |
| Property Subtype | Commercial | Total Lot Size | 4.23 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Trailer or Camper Park |
| Total Lot Size | 4.23 AC |
Description
Opportunity at it's finest. This owner managed property features a commercial building and 12 mobile home lots with the ability to add more. Currently 11 spots are rented out with the owner owning 6 of the units. Sitting on 4.2 acres of land you can keep a peace of mind knowing all units are hooked up to city water, sewer, electricity, each unit is metered separately and the tenants maintain their own grounds. Current cap rate is around 10% and current annual expenses are around $6500
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