Palm Springs Mobile Home Park | Fayetteville, NC
Sands Investment Group is Pleased to Exclusively Offer For Sale the 6.54 Acres Palm Springs MHP Located at 1121 Palm Springs Drive in Fayetteville, NC. This Property is Located Within 30-Miles of Fort Bragg, Providing For a Constant Tenant Base, Providing For a Secured Investment.
- This Park Consists of 49 Sites With 33 Currently Occupied By TOH’s
- City Water & Sewer, Paved Roads
- Direct Billed City Utilities
- Priced Below Replacement Costs
- Park Rent is Currently Priced Nearly Half of Market Level
- Pro-Forma 7.29% Cap Rate With Current Occupancy at Market Rate
- Pro-Forma 10.80% Cap Rate With Infilling Vacant Lots
- Priced at $30,612 Per Lot!
- Seller Financing is Available
- Increase Value By: Raising Rents to Market Level & Infilling Vacant Lots
- The City of Fayetteville, NC Has an Impressive Population of 208,000
- This Property is Located Within 30-Miles of Fort Bragg, Providing For a Constant Tenant Base
- Septic Systems 3:1 and 4:1 With Regular Yearly Maintenance Being Billed Back to Tenants
In Cooperation With Sands Investment Group North Carolina, LLC – Lic. #29362 BoR: Chris Sands – Lic. NC #300021
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