Contact Information

Mobile Home Park Details

  • Price: $3,000,000
  • Property ID: 1499856
  • Posted On: Aug 20, 2021
  • Updated On: Aug 20, 2021

Property Description

Oak Valley Mobile Home Park

Nestled in the Beautiful Mountains of Western North Carolina in Buncombe County, is this once in a lifetime opportunity. This mobile home park is conveniently located just 10 minutes from Downtown Asheville and Black Mountain. It has 5 acres with 9 mobile home lots, all of which will accommodate a double wide. There are 3 mobile homes and 2 houses that will sell with the park, as well as a large shop building. There are too many extras to list with this property. The park is fully rented at this time with an annual income of $87000. The owner is over 70 yo and wishes to retire. Nothing to do but move into the newly built ranch style house with 2 car garage and start collecting rent. Serious Inquiries Only and NO REALTORS!
Contact Henry at (828) 691-5319.
$3,000,000.

Location

Warren Wilson College road Swannanoa NC, 28778.

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Park Information

Community Type: 55 And Over
Number of MH Lots: 9
Total Occupancy: 100.0 %
Year Built: 1999
Average MH Lot Rent: $500
Size: 5 acre(s)

Financial Information (Actual)

Gross Income $87,000
Operating Expense $7,000
Net Operating Income $80,000
Expense Ratio 8.0 %
Debt Info 0

Lot Information

Doublewide Lots: 9

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $1,150