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Hydrangea Village 104 Riley Court, Rutherfordton, NC 28139

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Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 1492368
  • Posted On: Aug 9, 2021
  • Updated On: Nov 14, 2021

Description

In Beautiful Blue Ridge foothills of Rutherfordton NC.
Four blocks from main street and 3 blocks from the hospital,
less than 10 miles from Tryon International Equestrian Center sets
9 detached homes on 2 acre. Each home has 2 beds 1 bath with separate driveways.
All homes have been updated and have a average 800 Sq Ft.
New central air & heat, new windows, new 200 amp electric service.
All the homes are curranty rented with long term tenants

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Park Information

Number of MH Lots: 9
Total Occupancy: 100.0 %
Year Built: 1955
Average MH Lot Rent: $550
Size: 2 acre(s)

Financial Information (Actual)

Gross Income: $59,400
Operating Expense: $1,400
Net Operating Income: $58,000
Expense Ratio: 2.4 %
Debt Info: none

Lot Information

Doublewide Lots: 9

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $550

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