11.6% cap rate. Hickory Mobile Park is a 6 space, all-age community located in Hickory, SC. It is located on 2 acres & being offered on the basis of its current income with value add potential. Tenants are rigorously screened, with an average stay of 5+ years. The park is extremely maintained and has virtually no deferred maintenance. Low expenses and hassle free. Currently a 11.6% cap, but value and opportunity to increase rents to make it 16.6% cap rate.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
