Mobile Home Park

Rhyne Road MHP

708 Rhyne Rd, Charlotte, NC 28214

Listing Price: $800,000

Cap Rate
8.80%
Number of Spaces
17
Lot Size
7.07 acres
Occupancy
94.3%
Price/Space
$47,059
Spaces/Acre
2.40
Year Built
1960

Investment Overview

Rhyne Road Mobile Home Park is a 16-pad lot rent community located less than a mile from the Mount Holly Rd exit on 485. This park features recently paved roads, direct billing for city water, gravel parking spaces, and a well-maintained septic system. This asset is ideal for investors who are looking for strong cash flow with minimal work, while capturing the appreciation of land value located in Charlotte. Rhyne Road MPH is in close proximity to major economic employment centers such as the Amazon distribution, Charlotte Douglas International Airport, and the U.S. National Whitewater Center.

Investment Highlights

  • Great Cash Flowing and low Maintenance Asset
  • Ideal Purchase for a First-Time MPH Investor
  • Located in Charlotte Along 485 Corridor

Exclusively Listed By

Listing Price: $800,000

Cap Rate
8.80%
Number of Spaces
17
Lot Size
7.07 acres
Occupancy
94.3%
Price/Space
$47,059
Spaces/Acre
2.40
Year Built
1960

Investment Highlights

  • Great Cash Flowing and low Maintenance Asset
  • Ideal Purchase for a First-Time MPH Investor
  • Located in Charlotte Along 485 Corridor

Investment Overview

Rhyne Road Mobile Home Park is a 16-pad lot rent community located less than a mile from the Mount Holly Rd exit on 485. This park features recently paved roads, direct billing for city water, gravel parking spaces, and a well-maintained septic system. This asset is ideal for investors who are looking for strong cash flow with minimal work, while capturing the appreciation of land value located in Charlotte. Rhyne Road MPH is in close proximity to major economic employment centers such as the Amazon distribution, Charlotte Douglas International Airport, and the U.S. National Whitewater Center.

Exclusively Listed By

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