371 Riverview Dr - Manufactured Housing/Mobile Housing FOR SALE


Waynesville, NC 28785
$1,490,000 USD
407-500-0109
371 Riverview Dr, Waynesville, NC for Sale
$1,490,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/66
null | 8.86% Cap Rate

371 Riverview Dr
Waynesville, NC 28785


OVERVIEW

PARTIAL OWNER FINANCE POSSIBLE - Excellent investment opportunity less than 30 minutes from Asheville and sited on 8 acres. Currently this 5-parcel property produces pad rental income for 5 pads (Lot Rent Only), 9 park owned mobile homes that are all being sold Rent to Own, one site built 3-bedroom, 1-bath split level home with a 1 BR 1 BA sudio on the lower level. The park has a solid rental history and occupancy. All units are fully rented. This investment property provides stable income with remarkable upside capacity. Average Monthly Income is $11,600 with only few hundered dollars a month in expenses and Taxes & Insurance. Please do not disturb tenants.

FOR SALE DETAILS

PRICE

$1,490,000 USD

PRICE/SF

$1,242 USD /SF

# OF UNITS

15

PRICE/UNIT

$99,333

CAP RATE

8.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

25

LAND DETAILS

LAND ACRES

8 AC

LAND SF

348,480 SF

ZONING

C07

APN/PARCEL ID

8628-41-9985,8628-51-1683,8628-51-1929,8628-51-3619,8628-52-0383

ASK ABOUT THIS PROPERTY

Nader AshchiNader AshchiMore Info
407-500-0109

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Nader AshchiNader AshchiMore Info
407-500-0109

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