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 17-lot site in Salisbury, North Carolina, this mobile home park is situated within a established residential and light industrial corridor of Rowan County. The property offers proximity to local retail centers, grocery stores, and essential services along the main thoroughfares of the Salisbury metropolitan area. Transportation access is provided via nearby regional routes, including Interstate 85, connecting the site to the employment hubs of Charlotte and Winston-Salem. The land is primed for continued use as an affordable housing community or redevelopment suited for low-density residential projects. The typical tenant profile for this asset class consists of individuals seeking long-term, budget-conscious housing with autonomous lot space. The flat topography and existing utility infrastructure support a streamlined operational model for land-lease investors or residential developers targeting the growing North Piedmont region.

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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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