5 Becky LnFairview, NC 28730

Property Details for 5 Becky Ln

Lot size

9.05 AC

Zone code

DEED DATE:02/01/2019 DEED

Property type

Mobile home & RV parks

APN

9686-82-8401-00000

APU

968682840100000

Description

This exceptional investment opportunity presents a well-maintained 22-unit mobile home park situated on a spacious 12.05-acre lot in Fairview, North Carolina. The property boasts two separate PIN numbers, offering flexibility and potential for future development. Currently housing mostly park-owned homes, the park enjoys a high level of tenant satisfaction, evidenced by consistent rent adjustments reflecting market trends over recent years. Its convenient location offers residents proximity to shopping amenities and is only a short 16-minute drive to the vibrant downtown Asheville area. The property's OU zoning designation allows for expansion

• CAP approach

  CAP return

  Valuation

  6%

  $94,330,344

  6.5%

  $87,074,168

  7%

  $80,854,584

• Comparable approach

  Method

  Valuation

  Relative Method

  $50,306,752

  Geo Method

  $50,306,752

• Alternative Use

  Use

  Valuation

  Residential

  $87,074,168

  Hospitality

  $79,759,464

  Educational

  $66,358,940

  Medical

  $68,641,128

  Retail

  $103,225,016

Location Insight

City

Fairview

County

Buncombe

State

North Carolina

Latitude

35.5224

Longitude

-82.3991

CBSA code

11700

CBSA name

ASHEVILLE, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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