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Ideal investment opportunity located on 8.5 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 homesites totaling 16 mobiles, one spacious doublewide, one updated brick rancher with full finished basement, and older bungalow that has been studded and ready for rehab! So much potential for the savvy investor. Currently at a 7+% cap rate and all tenants on a month to month lease, the opportunities are endless. With minor improvements, gross income could increase significantly; with a county zoning variance, re-development is a real possibility (public water and sewer nearby); Updated brick rancher is currently owners quarters, but could be easily converted to rent-able duplex; Charming older bungalow offers gracious mountain views and is ready for your spacious rehab! Minutes to local shopping and dining on level acreage with no mountain roads to deal with! Paved access. A must see!

Property Details of 87 Monticello Road

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Listed by Cain Cox of Carolina Mountain Sales

Weaverville, NC Demographics

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Weaverville, NC Schools

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