Spotlight: Mountain View Estates
The mobile home community of Mountain View Estates in Rutherfordton, North Carolina is a 29 space, 100% park-owned, mobile home park built in 1979 nestled atop the ridges of the Blue Ridge Mountains enjoying the year-round mild temperatures of the isothermal belt giving outstanding beauty and views during all four seasons. All homes have recently been renovated, only two are vacant, and all homes are individually metered. The current NOI is $63,548 with a current gross potential rent of $122,460. Cap rate is 11%.
Rutherfordton is a town within Rutherford County, North Carolina. Downtown Rutherfordton is listed on the National Register of Historic Places. Major employers in the area Carolina Community Care, Regtrol Division, Broyhill Furniture, and WalMart.
Mountain View Estates is being offered on the basis of its current income with a listing price of $577,500.
Please contact STEPHANIE MCANUFF (NC Lic. 270402; GA Lic. 358467)