for sale | multifamily hill top mobile home park€¦ · sale - land sale - office lease -...

PROPERTY HIGHLIGHTS

[email protected] #290959

BILL STEIGERWALD Convenient to I-26 commuters to Asheville, Fletcher, and

Hendersonville

Quiet, stable revenue-producer with almost no maintenance

Upside potential in rents

PRESENTED BY:

The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for itscorrectness.

All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.

FOR SALE | MULTIFAMILY

HILL TOP MOBILE HOME PARKRamsay Lane | Hendersonville, NC 28792

HILL TOP MOBILE HOME PARK | 15 UNITS | HENDERSONVILLE, NC

DISCLAIMER


The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of theproperty within and is not to be used for any other purpose. This information should not, under any circumstances, bephotocopied or disclosed to any third party without the written consent of the SVN® Advisor or Property Owner, or usedfor any purpose whatsoever other than to evaluate the possible purchase of the Property.

The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed inthis proposal, and no other person is authorized by the Owner to provide any information or to make anyrepresentations other than contained in this Offering Brochure. If the person receiving these materials does not chooseto pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor.

Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy orcompleteness of the information contained herein, and nothing contained herein is or shall be relied upon as a promiseor representation as to the future representation of the Property. This Offering Brochure may include certain statementsand estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there canbe no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and allliability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, orany other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled torely solely on those representations and warranties that may be made to it in any final, fully executed and delivered RealEstate Purchase Agreement between it and Owner.

The information contained herein is subject to change without notice and the recipient of these materials shall not lookto Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates,for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conducttheir own comprehensive review and analysis of the Property.

This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expresslyreserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property andexpressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any timewith or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the OfferingBrochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed RealEstate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion. By submitting an offer, aprospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and theSVN Advisor from any liability with respect thereto.

To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchasershould not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate PurchaseAgreement shall bind the property and each prospective purchaser proceeds at its own risk.


TABLE OF CONTENTS


Executive Summary 4

Location Maps 5

1. 6FINANCIAL ANALYSISFinancial Summary 7

Rent Roll 8

2. 9DEMOGRAPHICSDemographics Report 10

Demographics Map 11

Rent Comps Summary 12

Rent Comps Map 13

3. 14ADDITIONAL INFORMATIONAdditional Photos 15

Advisor Bio & Contact 1 16

SALE OVERVIEW PROPERTY DESCRIPTION

Fifteen mobile home pads with hookups. Thirteen pads have tenant trailers,two trailers go with the property One central well for all the trailers,separate septic tanks for each.

Disclosure: three tanks need replacement and seller will handle this out ofthe closing proceeds.

SALE PRICE: $375,000

NUMBER OF UNITS: 15

NOI: $40822

LOT SIZE: 3.93 Acres

BUILDING SIZE: 1,000 SF

ZONING: R2R

MARKET: Hendersonville

CROSS STREETS: Sugar St. AndFruitland Rd.


EXECUTIVE SUMMARY

Executive Summary

4All SVN® Offices Independently Owned & Operated.The information listed above has been obtained from sources we believe to be reliable, however, we accept no responsibility for its correctness.



LOCATION MAPS

Location Maps

1 FINANCIAL ANALYSIS



INVESTMENT OVERVIEW

Price $375,000

Price per Unit $25,000

GRM -

CAP Rate 10.89

Cash-on-Cash Return (yr 1) - %

Total Return (yr 1) -

Debt Coverage Ratio -

OPERATING DATA

Gross Scheduled Income 47400

Other Income -

Total Scheduled Income -

Vacancy Cost -

Gross Income -

Operating Expenses 6578

Net Operating Income $40822

Pre-Tax Cash Flow -

-

-

-

-

-


SECTION 1 | FINANCIAL ANALYSIS

Financial Summary


UNITNUMBER

UNITBED

UNITBATH

CURRENTRENT

CURRENTRENT (PER SF)

MARKETRENT

MARKETRENT/SF

SECURITYDEPOSIT

45 $250

40 $250

55 $250

56 $250

75 $250

72 $250

89 $250

88 $250

105 $250

98 $250

117 $250

114 $250

143 $250

150 $250

134 $450

Totals/Averages $0 $3,950 $0


SECTION 1 | FINANCIAL ANALYSIS

Rent Roll

2 DEMOGRAPHICS



* Demographic data derived from 2010 US Census

1 MILE 5 MILES 10 MILES

Total households 366 12,022 53,211

Total persons per hh 2.0 2.3 2.3

Average hh income $51,675 $54,179 $60,819

Average house value $169,277 $183,906 $229,904

1 MILE 5 MILES 10 MILES

Total population 721 27,193 123,646

Median age 42.8 45.5 44.5

Median age (male) 41.8 41.1 42.2

Median age (female) 43.4 50.0 46.5


SECTION 2 | DEMOGRAPHICS

Demographics Report



Demographics Map


POPULATION 1 MILE 5 MILES 10 MILES

TOTAL POPULATION 721 27,193 123,646

MEDIAN AGE 42.8 45.5 44.5

MEDIAN AGE (MALE) 41.8 41.1 42.2

MEDIAN AGE (FEMALE) 43.4 50.0 46.5

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

TOTAL HOUSEHOLDS 366 12,022 53,211

# OF PERSONS PER HH 2.0 2.3 2.3

AVERAGE HH INCOME $51,675 $54,179 $60,819

AVERAGE HOUSE VALUE $169,277 $183,906 $229,904


SUBJECT PROPERTY RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

Hill Top Mobile Home ParkRamsay LaneHendersonville, NC 28792

0 SF 1,000 SF 15 100.0%

RENT COMPS RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY %

TOTALS/AVERAGES - - - -



Rent Comps Summary


Ramsay Lane | Hendersonville, NC 28792SUBJECT PROPERTY



Rent Comps Map

3 ADDITIONAL INFORMATION




SECTION 3 | ADDITIONAL INFORMATION

Additional Photos


SECTION 3 | ADDITIONAL INFORMATION


Bill SteigerwaldAdvisorSVN | BlackStream

Steigerwald is a commercial real estate broker in the Asheville, NCoffice with a focus on industrial and value-added property in SouthSlope, River Arts and West Asheville; hotels across WNC; anddevelopment land. As a former business owner, he is extremelyresourceful and marketing savvy with a talent for positioning andprospecting. His strong networking activities keep him apprised ofactivities all over Asheville, and north into Madison and Yanceycounties. He also has a strong knowledge of building and site/spaceusage

Steigerwald grew up in Raleigh, graduated from UNC-Chapel Hill, thenlived in several places along the East Coast and the Gulf Coast beforesettling in western NC, his lifelong dream. His interests includerenewable energy, green building, and design of all types. He is anavid outdoorsman, traveler, and woodworker.Specialties

Sale - Corporate SalesSale - HospitalitySale - IndustrialSale - LandSale - OfficeLease - IndustrialLease – Office

Product Council - HospitalityProduct Council - IndustrialProduct Council – Medical Office

Phone: 828.774.5535

Email: [email protected]

Memberships & Affiliations

Asheville Area Chamber of CommerceCommercial Investment Realtors Assoc. (WNC)

NC #290959

Fax: 864.752.0878

Cell: 828.460.9529

Address: 18 South Pack Square

Asheville, NC 28801

for sale | multifamily hill top mobile home park€¦ · sale - land sale - office lease -...

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