Contact Information

Mobile Home Park Details

  • Price: $715,000
  • Purchase Method: Cash
  • Listing ID: 4100120
  • Posted On: Nov 30, 2023
  • Updated On: May 20, 2024


Easy to achieve a 12%+ cap rate. Great investment cash flow opportunity with upside potential! 10 lot mobile home community in Buncombe County in high occupancy area. Less than 1 mile from I 40 entrance and less than 1/2 mile to grocery. This community consists of 3 lot rent tenants, 1 vacant lot and 6 park owned homes. Community is on one master water meter. Please do not disturb tenants. No drive throughs. Listing agent is a member of the selling entity. Property is in flood plain.

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Park Information

Number of MH Lots: 10
Total Occupancy: 80.0 %
Year Built: 1984
Average MH Lot Rent: $300
Size: 1 acre(s)

Financial Information (Actual)

Gross Income: $77,000
Operating Expense: $14,000
Expense Ratio: 18.2 %

Lot Information

Singlewide Lots: 9
Doublewide Lots: 1

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 6
Average Rent for Park-owned Homes: $1,100

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