Spotlight: Belmont Estates Mobile Home Park
Belmont Estates is a 147 space park divided into three phases located on 69 acres in Linwood, Davidson County, North Carolina. The park features paved roads, sub-metered water and electric, and county septic tanks. 97 of the homes are park-owned and on purchase contracts held by the owner.
Linwood, a small, unincorporated community just south of Lexington, is mid-way between Charlotte and Greensboro, NC. The area boasts several key employers including Keply Hardwood, Legget-Platt, PPG Industries, and Kimberly Clark. While rural, Linwood is conveniently situated alongside the I-85 corridor, with traffic counts greater than 38,000 vehicles per day and projected to triple within 10 years. Parts of Belmont Estates can be clearly seen from I-85, nestling the community along the path of progress.
Current total ROI is 22.2%. The property is being offered for $3.5M.
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