11.6% cap rate. Hickory Mobile Park is a 6 space, all-age community located in Hickory, SC. It is located on 2 acres & being offered on the basis of its current income with value add potential. Tenants are rigorously screened, with an average stay of 5+ years. The park is extremely maintained and has virtually no deferred maintenance. Low expenses and hassle free. Currently a 11.6% cap, but value and opportunity to increase rents to make it 16.6% cap rate.
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