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3910 N Main St, High Point,...

Luxstone MHP Acquires 14-Acre Mobile Home Park In High Point, NC For $2.1M
SOLDOther

Luxstone MHP Acquires 14-Acre Mobile Home Park In High Point, NC For $2.1M

3910 N Main St, High Point, NC, USA

$2,100,000

$4/SF

Building Size

471,755 SF

Asset Type

Other

Closing

Oct 27, 2021

AI

A mobile home park located at 3910 North Main St in High Point, NC has been sold for a price of $2,100,000. The park spans across approximately 14 acres and consists of 77 units. The sale was facilitated by Luxstone MHP, with brokers Drew Greenbaum, Gabe Fischer, and Eli Landes representing the buyers and sellers. The transaction took place on October 27, 2021, in Guilford County, NC. The property is situated in a desirable location within the market.

Summary of transaction details

  • Property Type: Mobile Home Park
  • Transaction Amount: $2,100,000
  • Address: 3910 North Main St, High Point NC
  • Market: Guilford County
  • Acres: 14

As mentioned earlier, Luxstone MHP played a pivotal role in the transaction as the brokerage firm. Drew Greenbaum, Gabe Fischer, and Eli Landes represented the buyers and sellers throughout the deal. The Luxstone MHP team prides themselves on their extensive network of owners nationwide and specializes in securing off-market deals. For individuals interested in purchasing or selling mobile home parks, they offer exceptional representation and a reliable track record of successfully closing deals. They can be contacted at 914-255-6516.

Players

Eli Landes

Luxstone Partners

Broker

$15.3M

vol

4 deals

Broker

High Point Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93