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LAURELWOOD 601 Old Us 70 Hwy, Black Mountain, NC 28711

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Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.0% (Actual)
  • Listing ID: 461548
  • Posted On: Aug 6, 2014
  • Updated On: Jun 30, 2015

Description

CLEAN, CLEAN, CLEAN WITH CITY WATER AND SEWER, PAVED ROADS AND MOUNTAIN VIEWS...ONLY 15 MINUTES TO ASHEVILLE. LONG TERM TENANTS, FAMILY FRIENDLY, PROFESSIONAL AND RETIREES...ON SITE MANAGER DOES IT ALL. THIS IS MADE FOR THE ABSENTEE OWNER. ROOM TO INCREASE CAP RATE TO 12%

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Park Information

Community Type: All Age
Number of MH Lots: 66
Total Occupancy: 90.0 %
Year Built: 2002
Average MH Lot Rent: $250
Size: 18 acre(s)

Financial Information (Actual)

Gross Income: $351
Operating Expense: $62
Net Operating Income: $289
Expense Ratio: 17.7 %
Debt Info: 800,000

Lot Information

Singlewide Lots: 55
Doublewide Lots: 5

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 38
Average Rent for Park-owned Homes: $625

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