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

Property Image
SOLD
$2,100,000

North Carolina

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Other471,755 SF
Sold 10/27/2021
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Property Image
SOLD

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

3910 N Main St, High Point, NC, USA

See Similar Deals
Other471,755 SF
Sold 10/27/2021
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Summary

NORTH CAROLINA
Asset Type:Other
Price Per Square Foot:$4
Total Square Footage:471,755 SF
Transaction Type:Sale

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
4 deals$15.3M volume
BROKER

Details

SOLD
IMAGE: Drew Greenbaum, Gabe Fischer & Eli Landes DATE: 10/27/21 ADDRESS: 3910 North Main St, High Point NC MARKET: Guilfor Country ASSET TYPE: Mobile Home Park ~ ACRES: 14 BROKERS: Drew Greenbaum, Gabe Fischer (@GabeFischer) & Eli Landes (@EJLandes) - Luxstone MHP SALE PRICE: $2,100,000 UNITS: 77 ~ PPU: $27,272 CAP: 6% NOTE FROM Luxstone MHP Brokerage: We are a team of hungry young professionals. We have a tremendous network of owners around the country, & we only seek to find off market deals. If you are interested in buying or selling mobile home parks, this is the team that will best represent your interests & get a deal done. Please feel free to contact us: šŸ“ž 914-255-6516

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86