WNC Mobile Home Park Sold:
Value-Add Investment Opportunity
with Existing Cash Flow
37 Valley View Drive, Candler NC
This WNC mobile home park sold, affording its new owners a value-add property with existing cash flow. This 4.1 acres features a 3/2 brick ranch, 4 park owned singlewides, smaller house, vacant pad with utilities available, and mountain views.
3 units are currently on month to month leases. All units are ready for rehab and rentals at current market rent amounts, offering significant income potential. Confirmation from Buncombe Co has been obtained to replace unit on a vacant pad. Expansion for add’l units possible on the large green spaces. City water and septic for each unit. Natural gas line being installed bordering the property.
The land features a nice creek for resident enjoyment. The convenient location features easy paved access minutes from the proposed Liberty Rd onramp for I-40. Excellent options for continued long-term rentals, subdivision of the house, or repositioning as a tiny home community or housing development. Short term rentals possible with the Buncombe County location.
