131 Monteagle Dr - Manufactured Housing/Mobile Housing FOR SALE


Boone, NC 28607
$13,000,000 USD
864-915-0849
131 Monteagle Dr, Boone, NC for Sale
$13,000,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/1
null | 6.83% Cap Rate

131 Monteagle Dr
Boone, NC 28607


HIGHLIGHTS

  • Located in Boone, NC, a high-demand mountain town with limited housing supply
  • 180-site community with a mix of mobile homes and RV pads
  • 46 vacant pads offer immediate infill and income growth potential
  • Public sewer and private well water reduce operating costs
  • Strong demographic base with over 137,000 residents within 5 miles and average household income of $122,700

OVERVIEW

Aline Capital’s MHRV Team is proud to present the exclusive opportunity to acquire Bradford Mobile Home Park, a rare and well-positioned community located in the highly desirable mountain town of Boone, North Carolina. This offering represents a unique chance to purchase a largescale manufactured housing and RV community in one of the region’s most constrained and in-demand affordable housing markets. Boone is well known for its natural beauty,thriving local economy, and significant barriers to new development — all of which contribute to exceptional longterm fundamentals for existing communities like Bradford. The property features a balanced mix of mobile home and RV sites, providing a stable income base withmeaningful upside through both infill opportunities and value-add operational improvements. With current occupancy supported by strong in-place cash flow and the capacity to fill an additional 46 vacant sites, investors are well-positioned to drive substantial increases in net operating income (NOI) over the near term. The park’s existing infrastructure and operational efficiency further enhance its scalability and management simplicity, making it an attractive asset for both private and institutional investors seeking growth and stability. Bradford Mobile Home Park benefits from its strategiclocation within the Boone market — an area anchored by Appalachian State University, a growing healthcare sector, and a steady influx of residents drawn by the town’s quality of life and affordability relative to other mountain communities. With its combination of dependable income, significant upside potential, and irreplaceable location, Bradford represents a compelling opportunity for investors looking to capture both immediate returns and long-term appreciation in one of North Carolina’s most sought-after tertiary markets.

FOR SALE DETAILS

PRICE

$13,000,000 USD

PRICE/SF

$87 USD /SF

# OF UNITS

180

PRICE/UNIT

$72,222

CAP RATE

6.83%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bradford Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

PARKING SPACES

-

LAND DETAILS

LAND ACRES

25 AC

LAND SF

1,089,000 SF

ZONING

-

APN/PARCEL ID

2920-16-7776-000

ASK ABOUT THIS PROPERTY

Alex WillerAline CapitalMore Info
864-915-0849

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Alex WillerAline CapitalMore Info
864-915-0849

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.