Property Description:
1190, 1212 Canady Rd, Jacksonville, NC 28540
Asking Price
$1,300,000
Monthly Gross Rents
$17,580
$3,000 Monthly Expenses
53 Units Park Owned
24 Mobile Homes
29 Modular Efficiency Units
2 used as workshops
1 Vacant lot
Tenants pay their own electric
Owner pays water
City water and septic
1 tank per 2 units
Owner self manages and does not have insurance on the property.
Numbers at a 45% expense ratio to get my asking price as a .89 cap rate
Brea Revoir
Revo Properties NC LLC
(540) 533-3022