Listed by Dewey Property Advisors
$2,330,000
Portfolio of 26 Residential Rentals
Details
APN 9628257540,9628255578
Property Type Multifamily, Land
Sub Type Single Family Rental Portfolio, RV Park
Square Footage 19,322
Units 26
Cap Rate 6.18%
NOI $143,974
Tenancy Multi
Price per SqFt $121
Buildings 26
Investment Type Value Add
102 Cobra Dr, Leicester, NC 28748
Marketing description
DO NOT DISTURB TENANTS. Call listing broker for details. 26 Residential Rental Portfolio for Sale! Rare opportunity to scoop up 26 residential rentals located throughout 5 different areas of West Asheville / Leicester. The portfolio mix consists of two Mobile Home Parks: Holly Hills MHP (1 house, 6 mobile homes) & Cedar Hill Mobile Home Village (13 units with room for expansion); four single family rentals (1 doublewide, 3 houses), and 3 vacant lots.
Investment highlights
- In-place cash flow with immediate upside potential
- Significant value-add through rehab, lease-up and expansion
- Expansion potential: +8 lots at Cedar Hill
- Below-market rents
- Diversified asset base (a mix of mobile homes, single family, and land)
Listing Contacts
Listed by Dewey Property Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$143,974.00
$11,997.83/mo
Valuation Metrics
0
DSCR
6.18%
Cap Rate
6.18%
ROI
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