61 State Street, Asheville, NC for sale

Investment Overview

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. Addresses: 102 Cobra Dr, Leicester, NC 28748 105 Cobra Dr, Leicester, NC 28748 108 Cobra Dr, Leicester, NC 28748 114 Cobra Dr, Leicester, NC 28748 118 Cobra Dr, Leicester, NC 28748 120 Cobra Dr, Leicester, NC 28748 124 Cobra Dr, Leicester, NC 28748 20 Prestwood Place, Leicester NC 28806 4 Prickly Juniper Trl, Asheville, 28806 6 Prickly Juniper Trl, Asheville, 28806 7 Prickly Juniper Trl, Asheville, 28806 8 Prickly Juniper Trl, Asheville, 28806 9 Prickly Juniper Trl, Asheville, 28806 14 Prickly Juniper Trl, Asheville, 28806 24 Prickly Juniper Trl, Asheville, 28806 26 Prickly Juniper Trl, Asheville, 28806 28 Prickly Juniper Trl, Asheville, 28806 30 Prickly Juniper Trl, Asheville, 28806 32 Prickly Juniper Trl, Asheville, 28806 94 Cedar Hill Rd, Asheville, 28806 16 Lawndale Ave, Asheville, NC 28806 71 Deaver Park Circle, Asheville, NC 28806 76 Deaver Park Circle, Asheville, NC, 28806 Deaver Park Cir, Asheville, NC 28806 (PIN: 9628257540) Deaver Park Cir, Asheville, NC 28806 (PIN: 9628255578) 61 State St, Asheville, NC 28806

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)