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$ 750,000
Est. payment | /mo
2.6 Acres Lot
$ 750,000
Est. payment | /mo
2.6 Acres Lot
Key Details
Property Type Single Family Home
Sub Type Remarks
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1222532
HOA Y/N No
Year Built 1988
Lot Size 2.600 Acres
Acres 2.6
Property Sub-Type Remarks
Source Triad MLS
Property Description
Sheets Park MHP — 18 pads / 13 TOH / 5 POH.
Septic + well.
Stable in-place cashflow.
Price: $750,000
Going-in: ~8.2% cap on seller-reported 2025 NOI (~$61,500).
Upside:
In-place rents appear under market — mark-to-market drives meaningful yield expansion
Convert the 3 POH to lease-to-own to shed operational drag
15 TOH base = sticky cashflow, low management touch.
Rural park, limited new MHP supply in the submarket. Stabilized-plus-upside story for an operator who can push rents and execute LTO conversions.
T-12/24 and rent roll on request.
Septic + well.
Stable in-place cashflow.
Price: $750,000
Going-in: ~8.2% cap on seller-reported 2025 NOI (~$61,500).
Upside:
In-place rents appear under market — mark-to-market drives meaningful yield expansion
Convert the 3 POH to lease-to-own to shed operational drag
15 TOH base = sticky cashflow, low management touch.
Rural park, limited new MHP supply in the submarket. Stabilized-plus-upside story for an operator who can push rents and execute LTO conversions.
T-12/24 and rent roll on request.
Location
State NC
County Surry
Interior
Heating Multiple Systems, Electric
Cooling Central Air, Heat Pump, Window Unit(s)
Appliance Electric Water Heater
Exterior
Pool None
Building
Sewer Septic Tank
Water Public, Well
Architectural Style Manufactured
New Construction No
Others
Special Listing Condition Owner Sale
Listed by Jason Coleman • eXp Realty
NEARBY SCHOOLS & PROPERTIES
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1677 Westchester Drive, Suite 143, Point, Carolina 27262, United States
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