240 Midway Drive,Salisbury, NC 28147
Salisbury, NC 28147
Description
Excellent investment opportunity to own a 100% occupied, cash-flowing 6-unit mobile home park in the growing Salisbury market. Priced at $340,000 with a 12-month NOI of $35,059, this park offers a 10.3% cap rate with strong, in-place income and upside potential. All six mobile homes are park-owned, providing full control over rents and maintenance. Each unit has its own septic system with a shared well, upgraded to ensure it keeps up with demand. Over the course of ownership, multiple capital improvements have been completed. Rents have been raised to at or near market rates, minimizing deferred maintenance and maximizing returns. Located in a high-demand rental area, the park benefits from strong tenant retention and consistent occupancy. Seller financing available for qualified buyers - inquire for terms. Do not miss this turn-key investment with strong cash flow and room for appreciation.
Details
| MLS # | 4264219 |
|---|---|
| Listing Type | For Lease |
| Style | Manufactured Home |
| Sub-Type | Resale |
| Status | Active |
| Year | 1976 |
| Days On Site | 24 |
| Listing Provided By | Premier Real Estate Team Inc. | Michael Williams |
Features
| Units | 6 |
|---|---|
| Building(s) | 6 |
| Acreage | 1.04 |
Other
| List Aor | Central Carolina Association of Realtors |
|---|
Taxes
| Property | 105750 |
|---|
Market Activity 28147
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Listings courtesy of Canopy Realtor® Association as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of June 20, 2025 at 9:27:18 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Learn More About This Property
| State | NC |
|---|---|
| County | Rowan |
| City | Salisbury |
| Zip Code | 28147 |
| Area | Rowan |
| Listing VS Median (in 28147) | |
Price: $340,000 low | high Med: $371,590 On site: 24 low | high Med: 70.000000 | |
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Listings courtesy of Canopy Realtor® Association as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of June 20, 2025 at 9:05:12 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
“The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
