Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1130335
  • Posted On: Sep 6, 2019
  • Updated On: Dec 3, 2019

Property Description

Attention investors, value-add opportunity! Well established and stabilized 15 unit MHP just minutes to I-26 and off of Hwy 64 in Hendersonville. 14 of the units are tenant-owned homes, so very low maintenance and no vacancy, as all tenants are long-term occupants. Few operating expenses and tenants pay their own utilities and lawn care. Rents are below market and manager lives onsite for discounted rent. Well and septic in place and have been maintained with care. Perfect opportunity for an absentee owner, or just a great source of passive income. Possible room for expansion of ~2-4 units, but will need to be confirmed w/ the county. See attached financial data. Please do not engage with, or disturb tenants.

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Park Information

Number of MH Lots: 15
Total Occupancy: 100.0 %
Average MH Lot Rent: $250
Size: 4 acre(s)

Lot Information

Singlewide Lots: 15

Utility Information

Water: Well
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 1

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