2155 White Pine Dr
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2155 White Pine Dr
12 Unit Mobile Home Park £619,473 (£51,623/Unit) 10.23% Net Initial Yield Granite Falls, NC 28630
Investment Highlights
- Stabilized
Executive Summary
Managed by local property professionals, Granite Falls Mobile Home Park has undergone significant enhancements, ensuring stability and presenting an opportunity for increased return on investment (ROI) through value addition. The owners have built a network of reputable local tradespeople for ongoing park enhancement and maintenance. Proof of funds is required before scheduling appointments. Request access to the comprehensive Listing Packet, which includes financial details, improvement reports, and additional resources. Cap Rate above 11% when the park operates at full occupancy of existing homes!
12 homes under park ownership (one currently utilized for storage) and 5 homes under tenant ownership, paying lot rent. 4 additional vacant pads that meet county requirements; buyer to do all due diligence on viability. The vacant pads are not considered in the park’s sale price and value. The Listing Packet outlines various value-add opportunities. An agent will accompany showings upon proof of funds. Agents to review the Listing Packet *INSTRUCTIONS document before reviewing the *LISTING PACKET. Both items are located in the Drive Folder. Limited seller representation, contact owner with inquiries after reviewing provided material (Dustin Vollstedt).
PLEASE INQUIRE ABOUT THE LISTING PACKET LOCATED IN GOOGLE DRIVE.
12 homes under park ownership (one currently utilized for storage) and 5 homes under tenant ownership, paying lot rent. 4 additional vacant pads that meet county requirements; buyer to do all due diligence on viability. The vacant pads are not considered in the park’s sale price and value. The Listing Packet outlines various value-add opportunities. An agent will accompany showings upon proof of funds. Agents to review the Listing Packet *INSTRUCTIONS document before reviewing the *LISTING PACKET. Both items are located in the Drive Folder. Limited seller representation, contact owner with inquiries after reviewing provided material (Dustin Vollstedt).
PLEASE INQUIRE ABOUT THE LISTING PACKET LOCATED IN GOOGLE DRIVE.
Property Facts
| Price | £619,473 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | £51,623 | Building Class | C |
| Sale Type | Investment | Building Size | 9,500 SF |
| Net Initial Yield | 10.23% | Number of Floors | 1 |
| No. Units | 12 | Year Built | 1975 |
| Property Type | Residential |
| Price | £619,473 |
| Price Per Unit | £51,623 |
| Sale Type | Investment |
| Net Initial Yield | 10.23% |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Building Size | 9,500 SF |
| Number of Floors | 1 |
| Year Built | 1975 |
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2155 White Pine Dr
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