Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1104641
  • Posted On: Jul 9, 2019
  • Updated On: Jul 6, 2020

Property Description

Investors, take note! Very well kept park, in West Asheville and minutes from I-40. The park has up-to-date and meticulously maintained financials and a history of long-term tenants. Very low turnover and high occupancy rates. 2019 net income is above 2018 numbers, and rent increases have implemented this winter to increase 2020 gross income. City water and well-documented septic systems and permits. There are 9 single-wide units, one double-wide, and an older single-wide used as general storage, which could be converted into an income generating storage unit. See rent roll, survey, septic schematic, P&L, and mobile home inventory list in attachments.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 10
Total Occupancy: 100.0 %
Average MH Lot Rent: $757
Size: 2 acre(s)

Lot Information

Singlewide Lots: 9
Doublewide Lots: 1

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 11
Average Rent for Park-owned Homes: $782

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