148 Church Park Road, North Wilkesboro, NC 28659

Property Description

Investment opportunity in North Wilkesboro! Situated on 2.57 acres, this mobile home park includes 5 homes currently in place with a total of 6 lots, offering established rental income with additional potential. The five homes currently generate a combined $3,650 per month, or $43,800 in annual gross rental income. For Reference with current list price the new owner could expect around a 10-11% CAP rate using the conservative allowance the current owners use for operating expenses. With five income-producing homes already in place and a sixth lot, this property offers an opportunity for an investor looking to add a smaller rental portfolio to their holdings without starting from scratch. Convenient to North Wilkesboro with access to area shopping, services and major roadways. Shown by Appointment only, no drive-bys please. Expenses, NOI and cap rate are estimates provided for informational purposes only. Buyer and buyer's agent should independently complete their own analysis.