159 Connaheta Ave, Andrews, NC 28901
sale
$199,800
|
Other
Courtesy Of Olde Town Brokers
Great investment! Generates $3750.00 per month! Thats about a 20 cap!. Located in a Andrews NC based Manufactured Home Subdivision / Community . The property is just minutes away from downtown Andrews and all of its amenities, 100 miles west of Asheville, NC, and 125 miles northeast of Atlanta, GA. Andrews is currently undergoing a strong growth period, and this stabilized park which contains 3 lots, consisting of park-owned Mobile Homes and one 24x24 storage building is ideal for long term housing investors. 2 of the homes were manufactured in 2001 and the other is older. All three of them have been upgraded to insulated roof panels, which provides super energy efficiency. Month to month, rent-only. At 100% occupancy, tenants are paying $3750.00 per month including the storage building at $300.00 per month which is 45,000.00 total annual . Tenants are responsible for power, water, and internet. The privately maintained driveways are paved/gravel and in average condition. Considering the overall condition of the park, this manufactured home community is being offered as a stabilized investment, with roughly an 20%+/- CAP at full occupancy and with all properties rented based on current rent rates. Seller is licensed realtor and managing member of accent awnings inc
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Property Features
- Age: 21-30 Years Old
- Architecture Style: Other
- Cooling System: Other (Cooling)
- Exterior Type: Other
- Floor Covering: Vinyl
- Floor Covering: Carpet
- Heating System: Other (Heating)
- MLSID: 154227
- Roof Type: Aluminum
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