Shelby, NC 28150,1657 N Lafayette ST
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Shelby, NC 28150,1657 N Lafayette ST
Shelby, NC 28150,1657 N Lafayette ST
Shelby, NC 28150,1657 N Lafayette ST
Shelby, NC 28150,1657 N Lafayette ST
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$ 215,000
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Active Under Contract

1657 N Lafayette ST Shelby, NC 28150

10 Acres Lot


UPDATED:

11/21/2024 07:00 PM

Key Details

Property Type Commercial

Sub Type Manufactured Home Park

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 4200490

Year Built 1971

Lot Size 10.000 Acres

Acres 10.0

Property Description

Incredible value-add investment opportunity. Mobile home park with 17 lots, each with private or shared septic and shared, newly replaced well. Currently 5 trailers are occupied, 1 is move-in ready, 10 require replacement, one lot is empty.
This mobile home park spans over 10AC of beautifully located property in a fast growing area. Shelby NC has predicted 4.5% population and income growth annually.
This mobile home park is currently generating NOI $24k, with the rents being below the market average and less than 30% of the units being occupied. With additional investment you can turn this property into phenomenal cash flow investment. Priced to sale! Don't miss out on this amazing opportunity!

Location

State NC

County Cleveland

Zoning AA1

Interior

Inclusions Building, Land

Building

Dwelling Type Manufactured

New Construction false

Others

Senior Community false

Restrictions Use

Special Listing Condition None


Listed by Ola van Zyl • Keller Williams Connected • [email protected]

The Overman Group

+1(336) 932-2392

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1657 N Lafayette ST