Asheboro & Mocksville Portfolio
Price: $2,400,000
1404 Fayetteville Rd. Asheboro, NC 27230
106 Deck Cir. Mocksville, NC 27292
Community Overview
MH Pro Group is pleased to exclusively offer the sale of Shady Acres Mobile Home Park and Asheboro Mobile Home Park, situated equal distance East/West of Interstate 85 in the fast growing Piedmont Triad MSA. Both communities benefit from majority tenant owned homes (93%), with only 4 homes being park owned. The parks both operate on public water that is billed back to the tenants, while sewer is a mix of private septic systems at Shady Acres and public service at Asheboro MHP. Pad rents in both parks are roughly 15% below current market average, providing significant revenue potential for new ownership. Asheboro MHP also contains additional acreage for park expansion.
Community Details
Pad Count: 55
Occupancy: 98%
Park Owned Home Count: 4
Tenant Owned Home Count: 50
Sewer: Public (Bill Back)
Water: Mixed (Public & Septic)