109 Sheets Park Lane, Mount Airy, NC 27030
Local realty services provided by:Better Homes and Gardens Real Estate Paracle
109 Sheets Park Lane,Mount Airy, NC 27030
$750,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: jason coleman
Office: exp realty888-584-9431
MLS#:1222532
Source:NC_TRIAD
Price summary
- Price:$750,000
About this home
Sheets Park MHP — 18 pads / 13 TOH / 5 POH.
Septic + well.
Stable in-place cashflow.
Price: $750,000
Going-in: ~8.2% cap on seller-reported 2025 NOI (~$61,500).
Upside:
In-place rents appear under market — mark-to-market drives meaningful yield expansion
Convert the 3 POH to lease-to-own to shed operational drag
15 TOH base = sticky cashflow, low management touch.
Rural park, limited new MHP supply in the submarket. Stabilized-plus-upside story for an operator who can push rents and execute LTO conversions.
T-12/24 and rent roll on request.
Contact an agent
Home facts
- Year built:1988
- Listing ID #:1222532
- Added:12 day(s) ago
- Updated:June 24, 2026 at 05:05 PM
Heating and cooling
- Cooling:Central Air, Heat Pump, Window Unit(s)
- Heating:Electric, Multiple Systems
- Central air:Yes
Structure and exterior
- Year built:1988
- Lot area:2.6 Acres
- Architectural Style:Manufactured
Utilities
- Water:Public, Well
- Sewer:Septic Tank
Finances and disclosures
- Price:$750,000
- Tax amount:$1,184
Parking
- Parking description:Driveway, Paved
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