298 Riddle Rd, Swannanoa, NC 28778

Single Family / 0 Bedroom(s)

Property Status:  For Sale | $200,000.00 (Wholesale) | 

Property Photos
298 Riddle Rd (Image - 1)
298 Riddle Rd (Image - 2)

OFF-MARKET! 2-Acre Mobile Home Park with Huge Rent Potential – Act Now!

Property Status:
For Sale | $200,000.00 (Wholesale)
Contact Info
Worthy Investment Properties
(919) 551-7715

Request To See This Property
Property Details:
Single Family / 0 BR
Property Style:
Manufactured Home
Finished Sq Ft:
87,120
Basement:
No Basement
Owner / Agent:
Wholesale
Property Features:
No Property Features Listed.
Property Description:

Generate passive income with this high-potential mobile home park in Buncombe County!

Overview:
Located in Buncombe County, this 2-acre mobile home park offers stunning mountain views and strong cash flow potential. Zoned R-LD (Residential Low Density), this income-producing property features four total mobile home lots—three park-owned homes (POH) and one tenant-owned home (TOH).

With a private well water system and individual septic for each home, this property is self-sufficient and ready to generate revenue. The asphalt road is in functional but fair condition, providing easy access. Two POHs and the TOH are currently leased (verbal agreements), while one POH is vacant, offering immediate value-add potential.

Financial Upside:
HUD Rental Rate for 2-Bedroom Units in Buncombe County (2025): $1,512/month
Market Lot Rent for MHP in Buncombe County: $600/month
With demand for affordable housing soaring, this mobile home park presents a rare opportunity for investors looking to maximize rental income in a high-growth area. Just minutes from Asheville, this property is well-positioned for long-term appreciation and income stability.

Don’t miss out on this prime opportunity!

Lot Information:

Total lot Size: 2-acres
Zoning Code: R-LD (Residential Low Density)
Legal Lot Number: Parcel number 968958499900000

Utility Information:

Water Service: Private water service.
Sewer Service: Private sewer service.

Investment Highlights:

Condition: The property includes a mobile/manufactured home.
Utilities Ready: Both water and sewer services are private.

?STARTING OFFER PRICE: $200K

Call or text our team
(919) 551-6515

For viewing, offers, and showing schedules.


Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor is a principal party in a valid and assignable purchase agreement which allows the investor to purchase the subject property from the seller. This purchase agreement is being offered for sale for an assignment fee to a 3rd party granting that party the opportunity to execute the purchase agreement to buy this home. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee. Real Estate Promo is not responsible nor will be held liable for the property or the information listed here.

Real Estate Promo is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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