240 MIDWAY Drive, Salisbury, NC 28147

Commercial Property
Built in 1976
1.04acre lot
—— car garage
$——/sqft
Listed 2 months ago

Property Description

Excellent investment opportunity to own a 100% occupied, cash-flowing 6-unit mobile home park in the growing Salisbury market. Priced at $340,000 with a 12-month NOI of $35,059, this park offers a 10.3% cap rate with strong, in-place income and upside potential. All six mobile homes are park-owned, providing full control over rents and maintenance. Each unit has its own septic system with a shared well, upgraded to ensure it keeps up with demand. Over the course of ownership, multiple capital improvements have been completed. Rents have been raised to at or near market rates, minimizing deferred maintenance and maximizing returns. Located in a high-demand rental area, the park benefits from strong tenant retention and consistent occupancy. Seller financing available for qualified buyers – inquire for terms. Do not miss this turn-key investment with strong cash flow and room for appreciation.

Listing Status:: Active
Listing Office:: Premier Real Estate Team Inc. : 704-796-3433
MLS ID:: 4264219

General: Manufactured

This listing courtesy of Premier Real Estate Team Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Knollwood Elementary School

3075 Shue Rd, Salisbury, NC, 28147

Grades PK-5

1.87 miles away

Southeast Middle School

1570 Peeler Rd, Salisbury, NC, 28146

Grades 6-8

1.95 miles away

Jesse Carson High School

290 Kress Venture Rd, China Grove, NC, 28023

Grades 9-12

2.95 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.