Contact Information
Jacob Lions
JacobLions
JacobLions
Mobile Home Park Details
- Price: $2,825,000
- Purchase Method: Cash, New Loan
- Cap Rate: 7.5% (Actual)
- Listing ID: 6868759
- Posted On: Apr 14, 2025
- Updated On: Apr 14, 2025
Description
PRESTINE Community of Manufactured homes on permanent foundations and newly built cabins and cottages. LIKE NO OTHER! ZERO deferred maintenance. STABLE Cash Flow with long-term tenants that ALL pay on the 1st and some days earlier. The owner-operator is willing to remain and guarantee rent! Each home has new kitchen appliances with hundreds of thousands of unit and infrastructure upgrades. PRIVATE, SAFE, CLEAN, and close to everything. There is an additional upside and Ad Value... Call Listing Agent/Owner 828-280-0919
Location
3 miles to the Tryon International Equestrian Center, 25 minutes South of Hendersonville, NC, and 45 minutes south of Asheville, NC.
Amenities
- Storage
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 14 |
| Total Occupancy: | 100.0 % |
| Year Built: | 2006 |
| Size: | 14 acre(s) |
Financial Information (Actual)
| Gross Income: | $255,540 |
| Operating Expense: | $40,174 |
| Net Operating Income: | $215,366 |
| Expense Ratio: | 15.7 % |
| Debt Info: | 1,600,000 |
Lot Information
| Singlewide Lots: | 16 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 14 |
| Average Rent for Park-owned Homes: | $1,500 |
