109 Sheets Park Lane, Mount Airy, NC 27030
- $750,000
- List Price
- $750,000
- MLS#
- 1222532
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Remarks
- Lot Size
- 113,256
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.
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Additional Information
- Acres
- 2.60
- Appliances
- Electric Water Heater
- Cooling Type
- Central Air, Heat Pump, Window Unit(s)
- Environmental Hazards
- No
- Heating
- Multiple Systems, Electric
- Heating Fuel
- Electric
- Lot Dimensions
- 113,256
- Lot Size
- 113,256
- Parking
- Driveway, Paved
- Sewer
- Septic Tank
- Show Street Address
- Yes
- Style
- Manufactured
- Total Units
- 18
- Water
- Public, Well
- Water Heater
- Electric
- Year Built
- 1988
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Listing courtesy of eXp Realty. Contact: