Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.0%
- Listing ID: 1606224
- Posted On: Feb 16, 2022
- Updated On: Jul 25, 2022
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 % |
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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