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87 Monticello RoadWeaverville, NC 28787MLS Number 3405070

  • Price: $1,200,000The price has recently decreased
  • Est. Mortgage of $/month
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Price Down Payment Interest Rate Years
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Est. Mortgage: $/month

Federal 30-year interest rate: 4.53% last updated on 2018-07-12

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

  • 9632Square Feet
  • 1982Year Built
  • OtherProperty Sub Type
  • 19NumberOfUnitsTotal

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 yearly lease (thru July), 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!

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More Info

Basic Information

  • Virtual TourClick Here
  • StatusACT
  • ListingTypeExclusive Right
  • Property TypeMulti-Family
  • Property Sub TypeOther
  • List Price$1,200,000
  • Broker NameCarolina Mountain Sales
  • ListingBoardIDLand Of The Sky Association Of Realtors
  • MLS Number3405070

Other

  • VOWAddrYN1
  • VOWYN1
  • Modification Date07/16/2018
  • View Count2

Location

  • Building Number87
  • StreetMonticello
  • TownWeaverville
  • StateNC
  • Zip28787
  • CountyBuncombe
  • DirectionsFrom Asheville - I26 West to Exit 19A. Merge onto 25N/70W and travel .5 mile. Turn right onto Monticello Road. 87 Monticello Rd is on left. Mobile homes and 3 BR, 2 BA cottage are along Cody Lane.
  • Elementary SchoolUnspecified
  • Junior HighUnspecified
  • High SchoolUnspecified

Photos

  • Number of Photos32
  • DatePhoto2018-07-07T00:20:47

Building

  • Year Built1982
  • ConstructionTypeManufactured, Site Built
  • NumberOfUnitsTotal19
  • Square Feet9632
  • Basement Sq Ft Finished1173

Property

  • DriveAsphalt, Earth, Shared
  • Lot DescriptionLevel, Long Range View, Open/Cleared, Paved Frontage, Rolling

Utilities

  • HeatingOther
  • WaterCommunity Well, Well, Other-see Media/Remarks
  • SewerShared Septic

Your Local Office

WNC Mountain Realty
23 Songbird Lane
Weaverville NC, 28787

Office: 828-231-3117

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