Lovers Lane Mobile Home Park, situated on a beautiful tract of land on Watauga River, is now available for purchase. Park consists of twelve spaces. Ten of the mobile homes, four double wides and six single wides, convey with the property. The two additional spaces are rented to tenants who own their own mobile homes. Annual gross income is $60,111.10. All annual expenses, including insurance, property taxes, utilities, maintenance, etc. totaled $19,480.49 for 2019. Excellent cash flow generated from this well established mobile home park. The location is ideal, on the river, just outside of the City, eliminating the burden of City taxes. Prime 1.3 acre level lot offering a depth of 373' and 164' of frontage on the River. Property being sold due to original owner's death. Rare opportunity to purchase an up and running, well established mobile home park with an excellent income stream. All info. taken from Tax Records & owner's records. Buyer/buyer's Agent to verify all.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
