5012 Bullock (12 lots) Court, Fayetteville, NC 28312

$270,000
Sold Price
$270,000
List Price
$299,000
Closing Date
Oct 26, 2023
MLS#
704956
Status
CLOSED
County
Cumberland
City
Fayetteville
Subdivision
Maxwell
Property Subtype
Other

Property Description

Exceptional opportunity to acquire a 12 lot (13 pad) lot rent mobile home park in a beautiful country location among new subdivisions, nearby grocery stores, sought after school district and great highway access. 3 trailers to convey via bill of sale (no titles). annual income of 30K with potential or much more. all lots are individually parceled and each has its own well and septic. all lots are approximate .45 to .68 Acres each. Total site is 6.62 Acres. 1 lot has and additional pad for a 13th unit (former stick built home tore down after fire damage). Current cap rate of 9.4. Many long term tenants, all month to month. no written leases. Pins: 0477-71-8186,0477-71-9208,0477-71-9366,0477-81-0425,0477-81-0593,0477-81-1661,0477-81-2702,0477-81-1480,0477-81-2214,0477-81-2025,0477-81-0084 and 0477-81-0261 NO OWNER FINANCING. PLEASE DO NOT DISTURB TENANTS. See Attached Documents Due to extensive title work completed-Chris Sayler at Hutchens Law to close

Additional Information

Days on Market
153

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Listing courtesy of GRANT-MURRAY REAL ESTATE LLC.. Selling Office: Integra Realty.