FOR SALE MULTIFAMILY HILL TOP MOBILE HOME PARK Ramsay Lane Hendersonville, NC 28792 PRESENTED BY: BILL STEIGERWALD Advisor 828.774.5535 bill.steig@svn.com NC #290959 PROPERTY HIGHLIGHTS Convenient to I-26 commuters to Asheville, Fletcher, and Hendersonville Quiet, stable revenue-producer with almost no maintenance Upside potential in rents
DISCLAIMER The material contained in this Offering Brochure is furnished solely for the purpose of considering the purchase of the property within and is not to be used for any other purpose. This information should not, under any circumstances, be photocopied or disclosed to any third party without the written consent of the SVN Advisor or Property Owner, or used for any purpose whatsoever other than to evaluate the possible purchase of the Property. The only party authorized to represent the Owner in connection with the sale of the Property is the SVN Advisor listed in this proposal, and no other person is authorized by the Owner to provide any information or to make any representations other than contained in this Offering Brochure. If the person receiving these materials does not choose to pursue a purchase of the Property, this Offering Brochure must be returned to the SVN Advisor. Neither the SVN Advisor nor the Owner make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future representation of the Property. This Offering Brochure may include certain statements and estimates with respect to the Property. These Assumptions may or may not be proven to be correct, and there can be no assurance that such estimates will be achieved. Further, the SVN Advisor and the Owner disclaim any and all liability for representations or warranties, expressed or implied, contained in or omitted from this Offering Brochure, or any other written or oral communication transmitted or made available to the recipient. The recipient shall be entitled to rely solely on those representations and warranties that may be made to it in any final, fully executed and delivered Real Estate Purchase Agreement between it and Owner. The information contained herein is subject to change without notice and the recipient of these materials shall not look to Owner or the SVN Advisor nor any of their officers, employees, representatives, independent contractors or affiliates, for the accuracy or completeness thereof. Recipients of this Offering Brochure are advised and encouraged to conduct their own comprehensive review and analysis of the Property. This Offering Brochure is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity, for any reason, at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the Offering Brochure or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner s sole discretion. By submitting an offer, a prospective purchaser will be deemed to have acknowledged the foregoing and agreed to release the Owner and the SVN Advisor from any liability with respect thereto. To the extent Owner or any agent of Owner corresponds with any prospective purchaser, any prospective purchaser should not rely on any such correspondence or statements as binding Owner. Only a fully executed Real Estate Purchase Agreement shall bind the property and each prospective purchaser proceeds at its own risk.
TABLE OF CONTENTS Executive Summary 4 Location Maps 5 1. FINANCIAL ANALYSIS 6 Financial Summary 7 Rent Roll 8 2. DEMOGRAPHICS 9 Demographics Report 10 Demographics Map 11 Rent Comps Summary 12 Rent Comps Map 13 3. ADDITIONAL INFORMATION 14 Additional Photos 15 Advisor Bio & Contact 1 16
EXECUTIVE SUMMARY Executive Summary SALE OVERVIEW SALE PRICE: $375,000 NUMBER OF UNITS: 15 NOI: $40822 PROPERTY DESCRIPTION Fifteen mobile home pads with hookups. Thirteen pads have tenant trailers, two trailers go with the property One central well for all the trailers, separate septic tanks for each. Disclosure: three tanks need replacement and seller will handle this out of the closing proceeds. LOT SIZE: 3.93 Acres BUILDING SIZE: 1,000 SF ZONING: R2R MARKET: Hendersonville CROSS STREETS: Sugar St. And Fruitland Rd. 4
LOCATION MAPS Location Maps 5
1 FINANCIAL ANALYSIS
SECTION 1 FINANCIAL ANALYSIS Financial Summary INVESTMENT OVERVIEW Price $375,000 Price per Unit $25,000 GRM - CAP Rate 10.89 Cash-on-Cash Return (yr 1) - % Total Return (yr 1) - Debt Coverage Ratio - OPERATING DATA Gross Scheduled Income 47400 Other Income - Total Scheduled Income - Vacancy Cost - Gross Income - Operating Expenses 6578 Net Operating Income $40822 Pre-Tax Cash Flow - - - - - - 7
SECTION 1 FINANCIAL ANALYSIS Rent Roll UNIT NUMBER UNIT BED UNIT BATH CURRENT RENT CURRENT RENT (PER SF) MARKET RENT MARKET RENT/SF SECURITY DEPOSIT 45 $250 40 $250 55 $250 56 $250 75 $250 72 $250 89 $250 88 $250 105 $250 98 $250 117 $250 114 $250 143 $250 150 $250 134 $450 Totals/Averages $0 $3,950 $0 8
2 DEMOGRAPHICS
SECTION 2 DEMOGRAPHICS Demographics Report 1 MILE 5 MILES 10 MILES Total households 366 12,022 53,211 Total persons per hh 2.0 2.3 2.3 Average hh income $51,675 $54,179 $60,819 Average house value $169,277 $183,906 $229,904 1 MILE 5 MILES 10 MILES Total population 721 27,193 123,646 Median age 42.8 45.5 44.5 Median age (male) 41.8 41.1 42.2 Median age (female) 43.4 50.0 46.5 * Demographic data derived from 2010 US Census 10
SECTION 2 DEMOGRAPHICS Demographics Map POPULATION 1 MILE 5 MILES 10 MILES TOTAL POPULATION 721 27,193 123,646 MEDIAN AGE 42.8 45.5 44.5 MEDIAN AGE (MALE) 41.8 41.1 42.2 MEDIAN AGE (FEMALE) 43.4 50.0 46.5 HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES TOTAL HOUSEHOLDS 366 12,022 53,211 # OF PERSONS PER HH 2.0 2.3 2.3 AVERAGE HH INCOME $51,675 $54,179 $60,819 AVERAGE HOUSE VALUE $169,277 $183,906 $229,904 11
SECTION 2 DEMOGRAPHICS Rent Comps Summary SUBJECT PROPERTY RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY % Hill Top Mobile Home Park Ramsay Lane Hendersonville, NC 28792 0 SF 1,000 SF 15 100.0% RENT COMPS RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY % RENT/SF AVAILABLE SF BLDG SF # OF UNITS OCCUPANCY % TOTALS/AVERAGES - - - - 12
SECTION 2 DEMOGRAPHICS Rent Comps Map SUBJECT PROPERTY Ramsay Lane Hendersonville, NC 28792 13
3 ADDITIONAL INFORMATION
SECTION 3 ADDITIONAL INFORMATION Additional Photos 15
SECTION 3 ADDITIONAL INFORMATION Bill Steigerwald Advisor SVN BlackStream Steigerwald is a commercial real estate broker in the Asheville, NC office with a focus on industrial and value-added property in South Slope, River Arts and West Asheville; hotels across WNC; and development land. As a former business owner, he is extremely resourceful and marketing savvy with a talent for positioning and prospecting. His strong networking activities keep him apprised of activities all over Asheville, and north into Madison and Yancey counties. He also has a strong knowledge of building and site/space usage Memberships & Affiliations Asheville Area Chamber of Commerce Commercial Investment Realtors Assoc. (WNC) NC #290959 Phone: 828.774.5535 Fax: 864.752.0878 Cell: 828.460.9529 Steigerwald grew up in Raleigh, graduated from UNC-Chapel Hill, then lived in several places along the East Coast and the Gulf Coast before settling in western NC, his lifelong dream. His interests include renewable energy, green building, and design of all types. He is an avid outdoorsman, traveler, and woodworker. Specialties Sale - Corporate Sales Sale - Hospitality Sale - Industrial Sale - Land Sale - Office Lease - Industrial Lease Office Email: bill.steig@svn.com Address: 18 South Pack Square Asheville, NC 28801 Product Council - Hospitality Product Council - Industrial Product Council Medical Office 16