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Bradford Mobile Home Park 131 Monteagle Dr 180 Unit Mobile Home Park $13,000,000 ($72,222/Unit) 6.83% Cap Rate Boone, NC 28607

INVESTMENT HIGHLIGHTS
- Located in Boone, NC, a high-demand mountain town with limited housing supply
- 46 vacant pads offer immediate infill and income growth potential
- Strong demographic base with over 137,000 residents within 5 miles and average household income of $122,700
- 180-site community with a mix of mobile homes and RV pads
- Public sewer and private well water reduce operating costs
EXECUTIVE SUMMARY
Aline Capital’s MHRV Team is proud to present the exclusive opportunity to acquire Bradford Mobile Home Park, a rare and well-positioned community located in the highly
desirable mountain town of Boone, North Carolina. This offering represents a unique chance to purchase a largescale manufactured housing and RV community in one of the region’s most constrained and in-demand affordable housing markets. Boone is well known for its natural beauty,thriving local economy, and significant barriers to new development — all of which contribute to exceptional longterm fundamentals for existing communities like Bradford.
The property features a balanced mix of mobile home and RV sites, providing a stable income base withmeaningful upside through both infill opportunities and value-add operational improvements. With current occupancy supported by strong in-place cash flow and the capacity to fill an additional 46 vacant sites, investors are well-positioned to drive substantial increases in net operating income (NOI) over the near term. The park’s existing infrastructure and operational efficiency further enhance its scalability and management simplicity, making it an attractive asset for both private and institutional investors seeking growth and stability.
Bradford Mobile Home Park benefits from its strategiclocation within the Boone market — an area anchored by Appalachian State University, a growing healthcare sector, and a steady influx of residents drawn by the town’s quality of life and affordability relative to other mountain communities. With its combination of dependable income, significant upside potential, and irreplaceable location, Bradford represents a compelling opportunity for investors looking to capture both immediate returns and long-term
appreciation in one of North Carolina’s most sought-after tertiary markets.
desirable mountain town of Boone, North Carolina. This offering represents a unique chance to purchase a largescale manufactured housing and RV community in one of the region’s most constrained and in-demand affordable housing markets. Boone is well known for its natural beauty,thriving local economy, and significant barriers to new development — all of which contribute to exceptional longterm fundamentals for existing communities like Bradford.
The property features a balanced mix of mobile home and RV sites, providing a stable income base withmeaningful upside through both infill opportunities and value-add operational improvements. With current occupancy supported by strong in-place cash flow and the capacity to fill an additional 46 vacant sites, investors are well-positioned to drive substantial increases in net operating income (NOI) over the near term. The park’s existing infrastructure and operational efficiency further enhance its scalability and management simplicity, making it an attractive asset for both private and institutional investors seeking growth and stability.
Bradford Mobile Home Park benefits from its strategiclocation within the Boone market — an area anchored by Appalachian State University, a growing healthcare sector, and a steady influx of residents drawn by the town’s quality of life and affordability relative to other mountain communities. With its combination of dependable income, significant upside potential, and irreplaceable location, Bradford represents a compelling opportunity for investors looking to capture both immediate returns and long-term
appreciation in one of North Carolina’s most sought-after tertiary markets.
PROPERTY FACTS
| Price | $13,000,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $72,222 | Building Class | C |
| Sale Type | Investment | Lot Size | 25.00 AC |
| Cap Rate | 6.83% | Building Size | 150,000 SF |
| No. Units | 180 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1981 |
| Price | $13,000,000 |
| Price Per Unit | $72,222 |
| Sale Type | Investment |
| Cap Rate | 6.83% |
| No. Units | 180 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 25.00 AC |
| Building Size | 150,000 SF |
| No. Stories | 1 |
| Year Built | 1981 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 180 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 2920-16-7776-000 | Improvements Assessment | $861,400 |
| Land Assessment | $825,000 | Total Assessment | $1,686,400 |
PROPERTY TAXES
Parcel Number
2920-16-7776-000
Land Assessment
$825,000
Improvements Assessment
$861,400
Total Assessment
$1,686,400
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Bradford Mobile Home Park | 131 Monteagle Dr
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