Contact Information

Mobile Home Park Details

  • Price: $599,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1104641
  • Posted On: Jul 9, 2019
  • Updated On: Nov 19, 2019

Property Description

Investors, take note! Very well kept park, minutes to West Asheville and 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. YTD net income is above 2018 numbers. 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: 2.1 acre(s)

Lot Information

Singlewide Lots: 9
Doublewide Lots: 1

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 11
Average Rent for Park-owned Homes: $757

Download Documents

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