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Mobile Home Park

Alterri Mobile Home Park Portfolio

3855 Mechanic Rd, Asheboro, NC 27205

Listing Price: $2,750,000

Cap Rate
9.25%
Number of Spaces
84
Lot Size
45.40 acres
Occupancy
89.0%
Price/Space
$32,738
Spaces/Acre
1.85
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to present this Market Positioning and Valuation analysis for the Scenic Oaks and West 49 Mobile Home Park portfolio. The properties are located in rapidly growing and desirable upstate markets of Asheboro, NC and the Greensboro Triad area. Thriving manufacturing, warehousing, healthcare, and wildlife attractions support a diverse and growing local economy. The area also benefits from the accelerating growth of the Greensboro and Southeast multi-family housing markets. The 2 parks are only 14 miles apart and total 84 units. These established communities include park owned homes, lot rents, and potential RV revenue, providing steady owner income. Below-market rents and ability to bring 12 more pads on-line provide value-add opportunities for investors. With proximity to downtown Asheboro, Greensboro, access to multiple major interstates/highways, and economic generators, the assets are excellently positioned to leverage the growth of the local metropolitan areas and Southeast market.

Investment Highlights

  • The Greensboro/Asheboro Area is Expected to Grow 2-5% in Next 5 Years
  • Established and Consistent Cash Flows with Value-Add Potential to Increase Revenue
  • Domestic and International Investment is Bringing Jobs to the Area
  • Close Proximity to Downtown Asheboro and Economic Generators

Exclusively Listed By

Mobile Home Park

Alterri Mobile Home Park Portfolio

Listing Price: $2,750,000

Cap Rate
9.25%
Number of Spaces
84
Lot Size
45.40 acres
Occupancy
89.0%
Price/Space
$32,738
Spaces/Acre
1.85
Year Built
1980

Investment Highlights

  • The Greensboro/Asheboro Area is Expected to Grow 2-5% in Next 5 Years
  • Established and Consistent Cash Flows with Value-Add Potential to Increase Revenue
  • Domestic and International Investment is Bringing Jobs to the Area
  • Close Proximity to Downtown Asheboro and Economic Generators

Investment Overview

Marcus & Millichap is pleased to present this Market Positioning and Valuation analysis for the Scenic Oaks and West 49 Mobile Home Park portfolio. The properties are located in rapidly growing and desirable upstate markets of Asheboro, NC and the Greensboro Triad area. Thriving manufacturing, warehousing, healthcare, and wildlife attractions support a diverse and growing local economy. The area also benefits from the accelerating growth of the Greensboro and Southeast multi-family housing markets. The 2 parks are only 14 miles apart and total 84 units. These established communities include park owned homes, lot rents, and potential RV revenue, providing steady owner income. Below-market rents and ability to bring 12 more pads on-line provide value-add opportunities for investors. With proximity to downtown Asheboro, Greensboro, access to multiple major interstates/highways, and economic generators, the assets are excellently positioned to leverage the growth of the local metropolitan areas and Southeast market.

Exclusively Listed By

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