RUTHERFORDTON MOUNTAIN ESTATES $495K - SOLD!

List Price $495,000

close price $495,000

JUST SOLD! Rutherfordton Mountain Estates $495,000 at a 10% Cap Rate. A Mobile Home Park Community in the City Limits and County of Rutherfordton, North Carolina consisting of 27 Dedicated Sites with 16 Occupied. An additional 12 Sites are approved along with the remaining 11 Sites from the original 27. City Water throughout with a combination of City Sewer and Septic Systems. High demand for affordable rentals.

CarolinaMLS Number:   3343025


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SOLD! Laurelwood $2,500,000 at a 10% Cap Rate. A Mobile Home Park Community in Black Mountain, North Carolina consisting of 65 Park-Owned Homes and 18 Tenant-Owned Homes with City Water and Sewer System.

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SOLD! Eden Glen $900,000 at a 12% Cap Rate. A Mobile Home Park Community in Weaverville, North Carolina consisting of 58 Sites with Add-Value now realizing over 15% Cap Rate!


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SOLD! Grey Eagle $785,000 at over a 12% Cap Rate. A Mobile Home Park Community in Swannanoa, North Carolina consisting of 25 Sites with Add-Value vacant commercial land and highway frontage for future development.

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SOLD! Sweet Abby $285,000 at a 12% Cap Rate. An affordable housing Mobile Home Community in Clyde, North Carolina consisting of 9 Sites now realizing over 14% Cap Rate by adding a unit and 55% ROI on additional unit purchased for Buyer.