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1158 Wagon Wheel Rd

11 Unit Mobile Home Park £938,940 (£85,358/Unit) 9.85% Net Initial Yield Hickory, NC 28602

Executive Summary

This is a great Mobile Home Park. New Road was paved in 2023. Unit Two is new, Updated Units Duplex, One, Two, Three, Four, Five, Six (Doublewide), Seven and Nine. Unit eight has not been updated yet. Please see the attachment for Gross and Net Income numbers. Please do not disturb the tenants. The units can be viewed after we have a contract and DD paid. Buyers must provide ability to purchase. SEVERAL PEOPLE HAVE ASKED ABOUT ZONING. THIS PARK IS APPROVED BY COUNTY ZONING IN CATAWBA COUNTY, NC. ADDITIONALLY, THE PARK IS 100 PERCENT TENANT OCCUIPED. .

Attachments

09 18 2024 Updated For Sale 1158 Wagon Wheel Hickory NC Mobile Home Park
Rent Roll 1158 Wagon Wheel Road Hickory NC
Unit Information 1158 Wagon Wheel Road Hickory NC
Tax Information

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income £111,217 £111.22
Other Income - -
Vacancy Loss - -
Effective Gross Income £111,217 £111.22
Taxes - -
Operating Expenses - -
Total Expenses £18,700 £18.70
Net Operating Income £92,518 £92.52

Financial Summary (Actual - 2023)

Gross Rental Income
Annual £111,217
Annual Per SF £111.22
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual £111,217
Annual Per SF £111.22
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual £18,700
Annual Per SF £18.70
Net Operating Income
Annual £92,518
Annual Per SF £92.52

Property Facts Under Contract

Price £938,940 Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Dormitory
Price Per Unit £85,358 Lot Size 4.51 AC
Sale Type Investment Building Size 1,000 SF
Net Initial Yield 9.85% Number of Floors 1
No. Units 11 Year Built 1998
Property Type Residential
Price £938,940
Price Per Unit £85,358
Sale Type Investment
Net Initial Yield 9.85%
No. Units 11
Property Type Residential
Property Subtype
Manufactured Housing/Mobile Home
  • Multifamily Dormitory
Lot Size 4.51 AC
Building Size 1,000 SF
Number of Floors 1
Year Built 1998
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1158 Wagon Wheel Rd, Hickory, NC - aerial map view - Image1
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1158 Wagon Wheel Rd, Hickory, NC - aerial map view - Image11

zoning

Zoning Code R-40 (R-40.)
R-40 (R-40.)
(704) 681-2753

Contact

  • Listing ID: 32978565

  • Date on Market: 27/08/2024

  • Last Updated:

  • Address: 1158 Wagon Wheel Rd, Hickory, NC 28602

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1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 1 of 37
Duplex
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1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 13 of 37
Unit Six Doublewide
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Road on subject property recently repaved
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Unit Seven
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Unit Six Doublewide
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Unit Eight
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Unit Seven
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Unit Seven
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 20 of 37
Unit One
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Unit One
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Unit Three
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Unit Nine
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Unit Two
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Unit Three
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 26 of 37
Unit Three
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Unit Three
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Unit Four
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 29 of 37
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Unit Five
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 33 of 37
Unit Five
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 34 of 37
Duplex
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 35 of 37
Duplex
1158 Wagon Wheel Rd, Hickory, NC for sale Building Photo- Image 36 of 37
Duplex

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© 2024 CoStar Group

1158 Wagon Wheel Rd
(704) 681-2753 x

1158 Wagon Wheel Rd

Craig Julian

(704) 681-2753

(704) 681-2753

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