Mobile Home Park Details

  • Purchase Method: Cash
  • Property ID: 1651536
  • Posted On: Apr 21, 2022
  • Updated On: Jul 6, 2022

Property Description

Over 55 TINY HOME park - residents own their cabin and ground lease. There are 12 cabins currently and 12 additional lots recently platted and approved by the county.

Investment Highlights

​The site is a total of approximately 10.3 acres, with a new survey from May 2021.
​The park has 12 lots rented with 12 more lots with County approval and platted.

​Water is provided by well for the existing cabins; a new well would be required for the possible additional lots.
​Each cabin connects to a septic tank and the park has a common, large drain field.

​Financial information -
​Gross lot rent for 2020 was approximately $73,000 / annualized rents for 2021-due to rent increases-are estimated at $95,000/year. All rent estimates are provided by owner - and have not been verified by broker. The 12 recently added lots would more that double existing rents once homes are installed and occupied.

​The property is currently owner-maintained, so we do not have complete operating expenses.
​The other major profit center is selling the cabins to the owners - cabins have a large markup - approximately $30-$40,000 each.
WATCH the videos below - COPY AND PASTE TO YOUR WEB BROWSER:
4344 Chimney Rock
https://player.vimeo.com/video/694602013

4344 CHIMNEY ROCK RD - 360 AERIA
https://app.cloudpano.com/tours/O4rTbVHsn

THE LISTING AGENT MUST ACCOMPANY ANY PROSPECT OR AGENT ON A SITE VISIT - NO EXCEPTIONS - OWNER AND RESIDENTS ARE HIGHLY SENSITIVE - PLEASE DO NOT TALK TO RESIDENTS

Best way to reach broker is via email at saarealestate@yahoo.com

Location

About 9 miles SE of Interstate 26 on Hwy. 64 / Chimney Rock Rd.

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Lot Information

Park Model Lots: 24

RV Information

Average RV Lot Rent: $600,695

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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