Mobile Home Park
Aj Wesley St Mobile Home Park
123 A J Wesley Ave, Gastonia, NC 28056
Listing Price: $1,500,000
Investment Overview
Marcus & Millichap is pleased to present this excellent value add and market positioning analysis for the AJ Wesley Mobile Home Park. This beautiful community is located in Gastonia, NC, one of Charlotte's fastest growing submarkets. Situated on three parcels totaling roughly 2.64 acres, this turnkey community is comprised of 2 single family rental units, 3 brand new Tru mobile home units and 9 additional mobile homes which were recently renovated. This beautiful community is a great value add opportunity as the current rental rates are below market comparable's in the area. In addition to being in close proximity to Charlotte, the community is in close proximity to Belmont and Kings Mountain. The community is within close proximity to Charlotte Douglas International Airport, the new Amazon distribution center, Crowder's Mountain, Lake Wylie and more. The park is in excellent condition and has been maintained thoroughly by management. The water comes from a community well and the electricity is sub metered. The sewer on the property is septic. The growth of the local and regional Charlotte markets coupled with existing cash flow and rent growth potential, provide an attractive investment opportunity.
Aj Wesley St Mobile Home Park
Investment Highlights
- Located in Gastonia, NC, one of Charlotte's fastest growing submarkets
- Close proximity and commuting time to the Airport, new Amazon distribution center, Uptown Charlotte, Lake Wylie, Crowder's Mountain, schools, and interstates.
- Opportunity with rent growth to raise rental rates.
- Strong existing cash flow
- Turn-key community that has been well maintained
- Low maintenance and repair structure
Exclusively Listed By
Listing Price: $1,500,000
Investment Highlights
- Located in Gastonia, NC, one of Charlotte's fastest growing submarkets
- Close proximity and commuting time to the Airport, new Amazon distribution center, Uptown Charlotte, Lake Wylie, Crowder's Mountain, schools, and interstates.
- Opportunity with rent growth to raise rental rates.
- Strong existing cash flow
- Turn-key community that has been well maintained
- Low maintenance and repair structure
Investment Overview
Marcus & Millichap is pleased to present this excellent value add and market positioning analysis for the AJ Wesley Mobile Home Park. This beautiful community is located in Gastonia, NC, one of Charlotte's fastest growing submarkets. Situated on three parcels totaling roughly 2.64 acres, this turnkey community is comprised of 2 single family rental units, 3 brand new Tru mobile home units and 9 additional mobile homes which were recently renovated. This beautiful community is a great value add opportunity as the current rental rates are below market comparable's in the area. In addition to being in close proximity to Charlotte, the community is in close proximity to Belmont and Kings Mountain. The community is within close proximity to Charlotte Douglas International Airport, the new Amazon distribution center, Crowder's Mountain, Lake Wylie and more. The park is in excellent condition and has been maintained thoroughly by management. The water comes from a community well and the electricity is sub metered. The sewer on the property is septic. The growth of the local and regional Charlotte markets coupled with existing cash flow and rent growth potential, provide an attractive investment opportunity.
Exclusively Listed By
