Remarks

CAP Rate 10%!! Excellent investment opportunity. Own this quiet and secluded, established mobile home park in Franklin Co. Mobile homes convey with purchase. Grand total of 6 pads. 5 park owned mobile homes onsite, most with long term renters. Bring in another mobile home for the 1 empty space, rent the pad OR convert to an RV hookup. 6 septic systems & 2 wells. With nearly 3 wooded acres, there's room to add more units or RV spaces, as desired. You could even build your home on site and manage the properties personally. Nestled in Franklin Co, this investment property is approx 25 min from Rocky Mount, 50 min from Danville and 1 hr from Roanoke. Property sold as is/where is.

Details

MLS#: 901723
Price: $300,000

Style: Investment

County: Franklin
Tax Fee: 561.00