Contact Information

Janis Moore
License: NC56513
Keller Williams - Hendersonville

Mobile Home Park Details

  • Price: $529,900
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.0%
  • Property ID: 1606224
  • Posted On: Feb 16, 2022
  • Updated On: Feb 16, 2022

Property Description

Great location between Hendersonville and Brevard, NC near elementary school and shopping, library, clinics, hiking, Pisgah National Forest, etc. 4 unit mobile home park with great rental occupancy and income.
7% +or- Cap rate. Owners have updated and improved 2 of the older units and newer unit is a 2017 Clayton. Nice views, easy access. Individual city water meters, tenants pay water & electricity.

Location

Etowah is between Hendersonville and Brevard, NC. Etowah Elementary School, Ingles Grocery, Clinics, Library, Pisgah National Forest.

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Park Information

Number of MH Lots: 4
Total Occupancy: 100.0 %
Year Built: 19862017
Average MH Lot Rent: $881
Size: 1 acre(s)

Financial Information

Gross Income $42,300
Operating Expense $3,000
Net Operating Income $39,300
Expense Ratio 7.1 %
Debt Info

Lot Information

Singlewide Lots: 4

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 4
Average Rent for Park-owned Homes: $880

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