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105 Jimmy Jones Ln
Mount Olive, NC 28365
Not for SaleThis home is not currently listed for sale or rent on Zillow.
This home is not currently listed for sale or rent on Zillow.
Zestimate:$195,100 A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more
A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more
Rent Zestimate:$1,150/mo A Rent Zestimate® is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more
A Rent Zestimate® is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more
Est. Mortgage:
$704/mo
| Beds: | -- |
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| Baths: | -- |
| Sqft: | -- |
| Lot: | -- |
| Type: | Multi Family |
| Year built: | -- |
| Parking: | -- |
| Cooling: | -- |
| Heating: | -- |
| Fireplace: | -- |
14 Unit Mobile Home Park in Mt. Olive North Carolina. 12 of the 14 trailers are rented, two of the 14 need repairs to be rented. Mobile homes are not the same as a residential property, the repairs are much less when rehabbing or replacing a mobile home. You are buying a cash flow when purchasing this park, most of the trailers have been updated and all 12 that are rented are livable. This property has been reduced significantly!-Lot Size: 4 acres -May be possibility of expansion, you would need to contact the county to see if this is possible or not.-Well Water and Septic, this park is not on city anything.....-Trailers ages vary, from 1970's and 1980'sSelling Price: $210,000Trailer Park:There are 2 empty units that need to be rehabbed, the estimated amount of the rehab is $5,000 per unit. After putting in $10k on both properties the new owner will be able to have an additional $350.00(per Unit) X 2 = $700.00 to the bottom line of net income.Financing/Seller Finance:The loan that is currently in place on the park is Assumable, new buyer will need to be able to assume the loan with some cash down (negotiable) and seller will be willing to owner finance second lien on the property.If there are any questions contact:Travis Howard(704)201-3128travisnofear@gmail.comAt a 10 CAP I could sell at $284,827.20Jimmy Jones Mobile Home Park as of October 1, 2011 14 Unit Park, 13 PARK OWNED HOMES, 1 LOT RENTAL 105 - 127 Jimmy Jones Lane, Mt. Olive, NC 30% Occupancy RENT TAXES MISC EXP INS NETUNIT 1 $350.00 $11.96 $105.00 $5.00 $228.04UNIT 2 $350.00 $11.96 $105.00 $5.00 $228.04UNIT 3 $350.00 $11.96 $105.00 $5.00 $228.04UNIT 4 $350.00 $11.96 $105.00 $5.00 $228.04UNIT 5 $250.00 $11.96 $75.00 $5.00 $158.04UNIT 6 $0.00 $11.96 $0.00 $5.00 -$16.96UNIT 7 $315.00 $11.96 $94.50 $5.00 $203.54UNIT 8 $325.00 $11.96 $97.50 $5.00 $210.54UNIT 9 $325.00 $11.96 $97.50 $5.00 $210.54UNIT 10 $0.00 $11.96 $0.00 $5.00 -$16.96UNIT 11 $325.00 $11.96 $97.50 $5.00 $210.54UNIT 12 $350.00 $11.96 $105.00 $5.00 $228.04UNIT 13 $315.00 $11.96 $94.50 $5.00 $203.54UNIT 14 LOT RENT ONLY $125.00 $11.96 $37.50 $5.00 $70.54 Monthly Totals $3,730.00 $167.44 $1,119.00 $70.00 $2,373.56 Annual Totals $44,760.00 $2,009.28 $13,428.00 $840.00 $28,482.72 Expenses are based on 37% of gross income. Net Operating Income $28,482.72Value with a CAP Rate of 10 $284,827.20 Asking: $210,000 To Get the rent roll you will have to contact me and I can email it to you…More Less
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