Royal Manor Mobile Home Park

Warsaw, North Carolina

SOLD: $237,200

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Royal Manor Mobile Home Park Community is a 26 space all-age community established in 1988, located in Warsaw, North Carolina, boasting large yards and surrounded by mature trees. The property features gravel roads that are maintained by the city and direct billed city water and sewer to residents. The NOI is $47,044 and cap rate is 10%. 

Warsaw's economy is expected to grow exponentially in the next few years with a projected job groth of 43.8% and recent growth of 5.22%. The cost of living is 17.3% lower than the national average. Renters comprise 45.5% of the Warsaw population with the average 3-bedroom apartment renting for $793 per month. 

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Phone: (980) 938-4993

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GA Lic #: 358467

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