Immediate cash flow investment property for sale from motivated seller. 5-lot mobile home park on 2.6 acres of land in the Southwest region of Jacksonville, NC. Property currently yields 16% CAP rate with potential to grow. Currently 100% occupied with year-long leases. Prime location ensures constant stream of renters. Close to Camp Lejeune, NC, many schools and near Albert Ellis Airport - area is sought after by renters and developers. Estimates of the growth of Jacksonville vary from 10,000 - 15,000 additional people in the next 3-5 years. Zoned as a commercial property, the land offers many possibilities beyond its current income generating status. Rent for Lot 1: $470 Lot 2: $470 Lot 3: $490 Lot 4: $490 Lot 5: $440 Garage: $100 Total: $2,460 Operating Expense: $1,000 Profit per month: $1,460 Profit per year: $17,520
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