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PORTION OF PIN-Tract 3 on new survey - Ideal investment opportunity located on 6.52 acres in a convenient location of Weaverville, just 15 minutes north of Asheville! Profitable mobile home park offers a mixture of park-owned and leased home sites totaling 16 mobiles and so much potential for the savvy investor. Currently operating at an 8% cap rate, with minor improvements, gross income could increase significantly; with a county zoning variance, re-development is a real possibility (public water and sewer nearby); 30' Right of Way in place with potential to purchase in conjunction with adjacent property offering 161' road frontage, 0.89 level acres and 1 older bungalow for rehab or tear down (Tract 2-see listing agents for details). Perfectly situated on level acreage with no mountain roads & paved access. Minutes to local shopping, two miles to downtown Weaverville and less than ten miles to Asheville.

Property Details of 87 Monticello Road

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Listed by Cain Cox of Carolina Mountain Sales

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