mallard creek mobile home sale brochure

SVN | Commercial Real Estate Advisors | 19901 West Catawba Avenue Suite 102, Charlotte, NC 28031 SALE BROCHURE

MALLARD CREEKMOBILE HOMEPARK7535 MALLARD CREEK RD.CHARLOTTE, NC 28262

Thomas McMahon, CCIMManaging [email protected]

MALLARD CREEK MOBILE HOME PARK | 7535 MALLARD CREEK RD. CHARLOTTE, NC 28262 SVN | Commercial Real Estate Advisors |

The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be usedfor any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent ofthe SVN® Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person isauthorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receivingthese materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the informationcontained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. ThisOffering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct,and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representationsor warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or madeavailable to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fullyexecuted and delivered Real Estate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor anyof their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this OfferingBrochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, toreject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with anyentity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on termsacceptable to Owner, in Owner’s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing andagreed to release the Owner and the SVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any suchcorrespondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospectivepurchaser proceeds at its own risk.

Disclaimer

OFFERING SUMMAROFFERING SUMMARYY

Sale Price: $729,000

Number Of Units: 11

Cap Rate: 8.5%

Price / SF: $4.03

Incredible investment opportunity! This special purpose multifamily property consists of 11 trailers (with space for onemore), 2 rentable garages, 1 rentable shed, and land that has already been rented to an RV parker and a constructioncompany.

Situated in northeast Charlotte off of the bustling and highly traveled Mallard Creek Rd., this property's close proximity totwo major interstates makes it a prime location for any potential renters seeking easy highway access.

PROPERPROPERTTY OY OVERVERVIEWVIEW

PROPERPROPERTTY HIGHLIGHTSY HIGHLIGHTS

• Incredible Investment Opportunity

• Close Proximity to I-77 & I-85

• 11 Trailers, 2 rentable garages, 1 rentable shed

• Parts of the unused land is currently leased to DOT and RV parking


Executive Summary


Additional Photos

Location Maps


Mallard Creek Mobile HomePark


Regional Map

INCINCOME SUMMAROME SUMMARYY PER SFPER SF

Rental Income $78,840 $0.44

GrGross Ioss Incncomeome $78,840$78,840 $0$0.44.44

EXPENSE SUMMAREXPENSE SUMMARYY PER SFPER SF

Property Tax $3,008 $0.02Personal Property Tax $1,229 $0.01Water $7,215 $0.04Electric $3,159 $0.02Insurance $2,656 $0.01

GrGross Expensesoss Expenses $17$17,267,267 $0$0..1010

NNeet Opert Operaating Iting Incncomeome -- --


Income & Expenses


UNITUNITNUMBERNUMBER

CURRENTCURRENTRENTRENT

3 $525

6 $425

7 $600

8 $375

9 $525

11 $575

13 $575

15 $575

17 $500

19 $525

21 $525

Garage 1 $185

Shed $100

RV Parking $60

Blythe Construction $500

TTootals/Atals/Avvereragesages $6,570$6,570

Rent Roll


POPULAPOPULATIONTION 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total population 9,125 65,213 163,585

Median age 29.1 30.8 31.5

Median age (male) 29.1 30.0 30.7

Median age (Female) 29.7 31.6 32.3

HOUSEHOLDS & INCHOUSEHOLDS & INCOMEOME 1 MILE1 MILE 3 MILES3 MILES 5 MILES5 MILES

Total households 4,096 26,221 61,867

# of persons per HH 2.2 2.5 2.6

Average HH income $62,709 $61,414 $60,270

Average house value $151,296 $165,700

* Demographic data derived from 2010 US Census

Demographics Map

19901 West Catawba Avenue Suite 102Charlotte, NC 28031T 704.892.5653C [email protected] #170307

PROFESSIONAL BPROFESSIONAL BAACKCKGROUNDGROUND

Tom McMahon, CCIM & Managing Director of SVN Commercial Real Estate Advisors, has 34 years of experience in thereal estate industry and a career transaction volume that exceeds $900 million.

Prior to affiliating with SVN, McMahon started and owned another regional CRE company, and was a pioneering topresidential agent with Allen Tate.

Throughout his career, McMahon’s unsurpassed passion for CRE has driven much success and recognition. McMahonhas been named one of Charlotte’s Top 20 Power Brokers and the Lake Norman Business Person of the Year. He is aneducator, teaching a number of classes each year, and is a true industry visionary. According to his clients, whetherlarge or small, there is a consistent belief that he is an upfront, honest advisor with integrity and an unrivaled level ofservice.

SVN Commercial Real Estate Advisors is a full service commercial real estate brokerage firm with offices in Cornelius andSouth Charlotte. The firm emphasizes its goal to listen, collaborate, and serve commercial real estate needs withcharacter, competency, and certainty. All SVN offices are independently owned and operated.

THOMATHOMAS MCMAHON, CS MCMAHON, CCIMCIM

Managing Director


Advisor Bio

mallard creek mobile home sale brochure

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