Mountain View Estates
74 Stonehouse Dr, Franklin, North Carolina
Get directions
Investment summary
Total Lots33
Vacant Lots6
Tenant Owned Homes27
Average Lot Rent$350
Total Acreage7.49
Executive summary
BWE Investment Sales, LLC (BWE) is pleased to offer the exclusive opportunity to acquire Mountain View Estates MHC. Mountain View Estates MHC is a 33-lot, 55+ mobile home community with an occupancy of 82%, located in Franklin, NC, approximately 70 miles from Asheville and 133 miles from Atlanta. The current average lot rent is $350. The community is serviced by well and septic, which is included in rent and curbside trash, which is a direct bill to tenants. At Mountain View Estates, there are 27 tenants out of 33 total lot, all tenant owned.
Mountain View Estates MHC is surrounded by several major cities in the south, including Asheville, Atlanta, Chattanooga, and Knoxville. This provides residents with opportunities for employment, entertainment, shopping, dining, and outdoor activities. The community is situated near the +531,000-acre Nanatahala National Forest, the largest national forest in North Carolina.
Bang Realty-North Carolina Inc | Liscense No. 298998
Photo gallery
Investment highlights
Convenient Location:
Mountain View Estates MHC is surrounded by many large cities, including Asheville, Atlanta, Chattanooga, and Knoxville. With all of these cities being around an hour away, residents can take advantage of a variety of employment opportunities and diverse shopping & dining options. The community is also surrounded by several national parks and forests, including Great Smoky Mountains National Park and Nantahala National Forest, the largest national forest in North Carolina.
Value Add Opportunity:
Real opportunity to quickly raise rents by 10%+. Currently 82% leased with 6 vacant lots, giving a new owner an opportunity to increase occupancy to 90%+ in a relatively short period of time and stabilize the park over 95% within a few years.
Rent Increase Upside:
There are 27 tenants out of 33 total lots, all tenant owned.
Utilities:
The community is serviced by well and septic, which is included in rent and curbside trash, which is a direct bill to tenants
Utility Billing Structure
- Water: Private - Well (Included in Rent)
- Sewer: Private - Septic (Included in Rent)
- Trash: Curbside (Direct Bill)
- Electric: Public (Direct Bill)
- Gass: Public (Direct Bill)
Exclusively listed by
Parker Kelly
VP, Manufactured Housing, Investment Sales
Tanner Westerheid
VP, Manufactured Housing, Investment Sales
Matt Skinner
VP, Manufactured Housing, Investment Sales
Nick Ferando
VP, Manufactured Housing, Investment Sales