1059 Eller Road   |  1059 Eller Road   |   23 Units

  • TO LEARN MORE ABOUT THIS PROPERTY, CONTACT:

    R. Tim Lichtenstein, CCIM at Tim@ltpcommercial.com

    Existing mobile home park located in a quiet neighborhood setting, just south of Winston-Salem. The park consists of 23 spaces (4 homes are park-owned) with the potential to add up to 5 additional lots. Located on ±6.93 acres of land, the park is served with public water (individually metered) and septic. Great income opportunity with long-term tenants and strong occupancy history. Lot rents have not been increased in over 7 years, creating an immediate value-add opportunity. This investment opportunity is conveniently located with easy access to major Triad cities, highways and retail destinations.

    Address:1059 Eller Road
    City:Lexington
    Zip:27295
    Price$1,100,000
  • Aerial Map
    Aerial Photo
  • PROPERTY DETAILS

    Property Type Multi-family
    # of Units23
    Acres ±6.93
    SprinkleredYes

    UTILITIES

    ElectricalYes
    WaterYes
    SewerYes
    AirYes
    HeatYes
    GasYes

    UTILITIES PAID BY

    ElectricalTenant
    WaterTenant

    TAX INFORMATION

    ZoningRA3
    County:Davidson , NC
    Tax PIN1302200000027

    PRICING & TERMS

    Price$1,100,000
    NOI$73,633.69
    Cap Rate6.7%
    CommentsExisting mobile home park located in a quiet neighborhood setting, just south of Winston-Salem. The park consists of 23 spaces (4 homes are park-owned) with the potential to add up to 5 additional lots. Located on ±6.93 acres of land, the park is served with public water (individually metered) and septic. Great income opportunity with long-term tenants and strong occupancy history.