Sold
Income-Producing Mobile Home Park
Acreage
12.63 ±
County
Nash
SOLD
Address 3864 West Hornes Church Road Bailey, NC 27807
View on Google MapsDescription
Excellent opportunity to acquire an income-producing mobile home park in the highly desirable Bailey area of Nash County. This park is currently underperforming, as the present owner has not adjusted rents to align with current market rates. With rent roll updates to today’s market conditions, the property is projected to generate approximately $5,300 per month in gross income.
All mobile homes within the park are tenant-owned, minimizing maintenance responsibilities for the park owner. Additionally, one home will convey with the sale and is currently vacant, offering immediate upside through lease-up or resale.
Infrastructure features include:
County water services each trailer, with an on-site well available if needed
Individual septic systems for each trailer and home
Potential space for two additional trailers (subject to confirmation with county planning)
The property is located in a prime growth corridor of Bailey within Nash County, an area experiencing steady development and increasing demand for affordable housing. There is also additional land behind the park suitable for hunting, recreation, or potential future use. Mobile home parks of this size and structure are increasingly difficult to find and tend to move quickly when available. This is your chance to secure a value-add asset with strong income potential and long-term upside.
*Call today for more information and to schedule a showing. Do not access property without a licensed NC real estate agent present*
Details
- County water servicing each trailer
- On-site well available if needed
- Individual septic systems for each trailer and home
- Potential space for two additional trailers (subject to confirmation with county planning)
Summary
Land Type
Commercial and Development
Property Type
Commercial Land
Land and Farm Property Types
Land - Residential, Other - Mobile Home Park
Road Frontage
County Road
Road Surface
Pavement
Roads
Road Frontage, Road Access
Other Property Details
Coordinates
35.8199, -78.0603
Annual Taxes
$915
Sold Property
For more information or to see additional properties currently for sale see Scott Hicks's listings.