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Glenn D. Esterson Acquires Mobile Home In Winston-Salem, NC For $5.4M
SOLD
$5,365,000
North Carolina
See Similar DealsOther
Sold 06/15/2023
SOLD
Glenn D. Esterson Acquires Mobile Home In Winston-Salem, NC For $5.4M
9000 Faires Road Charlotte, North Carolina 28215
See Similar DealsOther
Sold 06/15/2023
Summary
NORTH CAROLINA
Asset Type:Other
Transaction Type:Sale
A mobile home located at 129 Sides Meadow Road, 7171 Untz Rd & 9000 Faires Road in Winston-Salem, Concord & Charlotte, NC has been sold for a price of $5,365,000. The property is a mobile home, and the sale was facilitated by Glenn D. Esterson of Marcus & Millichap.
Summary of transaction details:
- Property Type: Mobile Home
- Transaction Amount: $5,365,000
- Address: 129 Sides Meadow Road, 7171 Untz Rd & 9000 Faires Road, Winston-Salem, Concord & Charlotte, NC
The sale of the mobile home was brokered by Glenn D. Esterson from Marcus & Millichap. The transaction highlights the involvement of key individuals and companies in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$286,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,060.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,432.84
Annual Debt Service$305,194.05
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