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Bradford Mobile Home Park 131 Monteagle Dr 180 Unit Mobile Home Park $18,146,960 CAD ($100,816 CAD/Unit) 6.83% Cap Rate Boone, NC 28607

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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.

ATTACHMENTS

Boone-OM

PROPERTY FACTS

Price $18,146,960 CAD
Price Per Unit $100,816 CAD
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 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2920-16-7776-000
Land Assessment
$1,152,443 CAD
Improvements Assessment
$1,203,290 CAD
Total Assessment
$2,355,732 CAD
  • Listing ID: 38433510

  • Date on Market: 2025-11-13

  • Last Updated:

  • Address: 131 Monteagle Dr, Boone, NC 28607

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