17-Lot Mobile Home Park

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17-Lot Mobile Home Park

Salisbury, NC 28146
Asking Price
$799K
Asset Type
Land
Class
Class B

What's Special

Located at a strategic point in Salisbury, North Carolina, this 17-lot property is situated within a established residential pocket. The site offers convenient access to Highway 601 and Interstate 85, connecting the location to the broader Charlotte metropolitan area. Nearby amenities include various retail centers, grocery stores, and local parks, all established within a five-minute drive. The surrounding neighborhood character is defined by a mix of single-family housing and light commercial activity, benefiting from city-maintained infrastructure and utility access. The land is currently configured for a mobile home park development, making it an ideal asset for long-term residential investment or specialized land leasing. Given its layout and zoning, the site is suited for affordable housing providers or investors seeking a low-maintenance land-lease model. Typical tenant profiles for this location include workforce residents and retirees looking for cost-effective housing options within reach of Salisbury’s employment hubs. The flat topography and existing parcel divisions provide a functional foundation for immediate site management or future redevelopment.

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NOI
$80,000
Cap Rate
10.01%
DSCR
1.69
Strong
Cash-on-Cash
13.59%
Monthly Payment
$3,953.016
Annual Cash Flow
$32,563.807

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