Sophie's Court Mobile Home Park | 502 Cycle ln
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Sophie's Court Mobile Home Park 502 Cycle ln
11 Unit Mobile Home Park $809,900 ($73,627/Unit) 9.99% Cap Rate Dallas, NC 28034
Investment Highlights
- Very well taken care of mobile home park with possibility to add 3-5 more income producing units.
Executive Summary
Mobile Home park that has been really well kept. long term tenants in place. The community is made up of 10 MSW homes, 1 stick built home that is in need of rehab,1 mobile home pad w water/sewer electric ready for hookup. 1 site where another home was demoed that would be ideal for a duplex or modular duplex. 9 of the 10 MSW Homes are occupied by tenants and 1 is being used for storage. The home being used for storage could easily be made rent ready with a little work. rents gross $7140 monthly. expenses are electricity for well and outdoor lighting that averages $115.00 monthly, insurance $1100.00 annually, Trash pickup $1300 annually, Taxes are just under $1000.00 anuually.7 units have central HVAC and 2 have central heat with window units for A/C
Owner will hold 15% note.
Owner will hold 15% note.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | - | 850 - 900 |
| 2+1 | 8 | - | 800 |
PROPERTY TAXES
| Parcel Number | 168512 | Improvements Assessment | $81,410 (2024) |
| Land Assessment | $45,570 (2024) | Total Assessment | $126,980 (2024) |
PROPERTY TAXES
Parcel Number
168512
Land Assessment
$45,570 (2024)
Improvements Assessment
$81,410 (2024)
Total Assessment
$126,980 (2024)
zoning
| Zoning Code | R1 (Residential) |
| R1 (Residential) |
-
Carla Howell -
Eddie Howell -
Coldwell Banker Carver-Pressley Realtors
1 of 23
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Sophie's Court Mobile Home Park | 502 Cycle ln
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