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1159 U.S B Street

Elizabeth City, NC 27909
  • $560,000
  • STATUS: Active
  • ON SITE: 121 days
  • ID#: 102718
UPDATED: 102 min ago
$560,000
  • 0
    BEDS
  • 4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1995
County:

School Ratings & Info

Description

Opportunity at it's finest. This owner managed property features a commercial building and 12 mobile home lots with the ability to add more. Currently 11 spots are rented out with the owner owning 6 of the units. Sitting on 4.2 acres of land you can keep a peace of mind knowing all units are hooked up to city water, sewer, electricity, each unit is metered separately and the tenants maintain their own grounds. Current cap rate is around 10% and current annual expenses are around $6500

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IDX information © 2021 Albemarle Area Association of Realtors®. The data relating to real estate for sale on this website comes in part from the (IDX)Internet Data Exchange Program of the Albemarle Area Association of Realtors, Multiple Listing Service. Real estate listings held by brokerage firms other than the Realtor owner of this website are marked with the Internet Data Exchange logo (IDX) or the Internet Data Exchange brief/thumbnail logo and detailed information about them includes the name of the listing firm. Information on this website is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated: 2021-06-21T00:20:33.37
www.austinjamesteam.com/homes/114361517
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1159 U.S B Street Elizabeth City, NC 27909

  • Price: $560,000
  • Status: Active
  • Updated: 102 min ago
  • ID#: 102718
0
Beds
0
Baths
0
½ Baths
4
Acres
1995
Built
Neighborhood:
Elizabeth City
County:
Pasquotank
Area:
Elizabeth City
Property Description
Opportunity at it's finest. This owner managed property features a commercial building and 12 mobile home lots with the ability to add more. Currently 11 spots are rented out with the owner owning 6 of the units. Sitting on 4.2 acres of land you can keep a peace of mind knowing all units are hooked up to city water, sewer, electricity, each unit is metered separately and the tenants maintain their own grounds. Current cap rate is around 10% and current annual expenses are around $6500
Exterior Features

Access Private RoadGravel Road Construction Other Foundation Combination Roof Other Waterfront None

Interior Features

Air Conditioning Other Floors Other Heating System Other

Property Features

City Limits 1 Commercial Park No Commercial Park Fee Mo Current Use Mobile Home Park Electric Company Dominion Nc Power Features Other Financing Types CashOther Flood Zone Zone X Location Other Lot Number N/A Number Buildings 13 Permitted Uses Mobile Home Park Terms Of Existing Lease Month To MonthOtherYear To Year Utilities Electricity ConnectedSewer ConnectedWater Connected

Offered by Christopher Johnson of Atlantic Sothebys International Realty.


IDX information © 2021 Albemarle Area Association of Realtors®. The data relating to real estate for sale on this website comes in part from the (IDX)Internet Data Exchange Program of the Albemarle Area Association of Realtors, Multiple Listing Service. Real estate listings held by brokerage firms other than the Realtor owner of this website are marked with the Internet Data Exchange logo (IDX) or the Internet Data Exchange brief/thumbnail logo and detailed information about them includes the name of the listing firm. Information on this website is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated: 2021-06-21T00:20:33.37
 
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Austin James Realty LLC
2476 Nimmo Parkway, Unit 118B
Virginia Beach VA, 23456