Mobile Home Park Details

  • Purchase Method: Cash
  • Listing ID: 3727650
  • Posted On: Sep 25, 2023
  • Updated On: Oct 26, 2023

Description

Tons of opportunity to add value and increase income. Currently 9 homes bringing in income (6 TOH, 3 POH). 5 additional homes on lots ready to be rehabbed (2 of those rehabs have already been started). 15+ additional lots with infrastructure for infill if desired (5 of those lots have homes on them to be scrapped). Rents are $220 for lot rents and $633 for POH rents. Rents are more than $100/month under market. Well (tested monthly and in good working order) + septics. Paved roads in need of repair. Only 30 minutes from Asheville, one of the fastest growing cities in NC. Tons of rental demand in this area. Unzoned land. RV park is also an acceptable usage. See flyer attachment for current and pro forma P&L. Email Amanda at Hello@VoyageInvesting.com to get NDA for additional pictures, financials, rent roll, and due diligence documents.

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Park Information

Community Type: All Age
Number of MH Lots: 30
Average MH Lot Rent: $220

Financial Information (Actual)

Gross Income: $38,640
Operating Expense: $18,010
Net Operating Income: $20,630
Expense Ratio: 46.6 %

Lot Information

Singlewide Lots: 30

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $633

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