Rare Opportunity: Impeccably Managed 20-Unit Mobile Home Park with 8.65% Cap Rate
Presenting a remarkable investment opportunity seldom found in the market—a meticulously maintained 20-unit mobile home park boasting an impressive 8.65% cap rate. Situated on 3.19 acres of prime real estate, this listing comprises 19 mobile homes along with an additional brick house, all meticulously cared for and updated to the highest standards.
Every aspect of this property reflects superior management, ensuring minimal maintenance requirements and an exemplary tenant history. Don't miss out on this chance to secure a lucrative investment with long-term potential. Contact the dedicated listing agent today to seize this exceptional opportunity.
Owner Financing may be an option.
Closed
$2,000,000
1521 Airport Rhodhiss Rd, Hickory, NC 28601
--beds
--baths
1,054sqft
Multi Family
Built in 1956
-- sqft lot
$-- Zestimate®
$1,898/sqft
$1,181 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,181/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 08, 2025 at 10:02am
Listing Provided by:
Caleb Rice criceandassociates@gmail.com,
C. Rice and Associates LLC
Bought with:
Rebecca Maiwald
Premier South
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4299480
Facts & features
Interior
Heating
- Baseboard, Central, Electric, Heat Pump
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Other
- Laundry: Other
Features
- Has basement: No
Interior area
- Total structure area: 1,054
- Total interior livable area: 1,054 sqft
- Finished area above ground: 1,054
- Finished area below ground: 0
Property
Parking
- Parking features: Assigned
Lot
- Size: 3.19 Acres
Details
- Parcel number: 18019
- Zoning: R-3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum, Brick Full, Vinyl
- Foundation: Crawl Space, Permanent, Pillar/Post/Pier, Slab
Condition
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Septic Installed
- Water: County Water
Community & neighborhood
Location
- Region: Hickory
Other
Other facts
- Road surface type: Gravel
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2025 | Sold | $2,000,000-9.1%$1,898/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4299480 | ||
| 6/2/2025 | Listing removed | $2,200,000$2,087/sqft |
Source: Canopy MLS as distributed by MLS GRID #4235104 | ||
| 3/19/2025 | Listed for sale | $2,200,000+10%$2,087/sqft |
Source: Canopy MLS as distributed by MLS GRID #4235104 | ||
| 5/7/2024 | Listing removed | -- |
Source: Canopy MLS as distributed by MLS GRID #4123498 | ||
| 4/3/2024 | Listed for sale | $2,000,000+534.9%$1,898/sqft |
Source: Canopy MLS as distributed by MLS GRID #4123498 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2019 | $899 +8.8% | $79,463 -21.5% |
| 2018 | $826 +1.9% | $101,291 |
| 2017 | $810 | $101,291 |
Find assessor info on the county website
Neighborhood: 28601
Nearby schools
GreatSchools rating
- 8/10Ray Childers ElementaryGrades: PK-5Distance: 0.9 mi
- 3/10East Burke MiddleGrades: 6-8Distance: 4.1 mi
- 4/10East Burke HighGrades: 9-12Distance: 4.4 mi
Schools provided by the listing agent
- Elementary: Ray Childers
- Middle: East Burke
- High: East Burke
Source: Canopy MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.