Emma Hills Drive, Asheville, NC
Mobile Home Park for Sale - $1,250,000
Property Info
| CIMLS# | 133595 |
| Location Emma Hills Drive Asheville NC 28806 | |
| Updated | March 22nd, 2011 |
| Type | Mobile Home Park |
| Price | $1,250,000 |
Property Description
Super clean, low maintenance park built in 2006. 31 pads. 10 park owned. City water & sewer with units individually metered and tenants re-billed.
Financials
Including a 3% maintenance fee and 5% management fee, though it is currently self-managed, the cap rate is 9.14%. With self management, the cap rate becomes as high as 10.26%