Proof of Concept/ Comps
New construction
Acony Bell Tiny Home Village
As of September 2020 Acony, Bell was 98% Leased.
Acony Bell is a converted farm in western N. Carolina. It was developed in two phases. Total phase I & II are 70 lots. Lease for a 1-year term minimum. Whereas the main attraction is the location (20 miles from Asheville), other amenities and privacy are limited.
21 Acony Bell Way
Mills River, NC 28759
$550 mo. rent x 70 spaces = $38,500 mo. / year gross @ 90% Occ. = $415,000
Overall cost per pad installed:
Developer:
Architect:
Owners:
Amenities
Includes clubhouse, water, septic, common area/clubhouse, real estate taxes, trash, and recycling. There are no additional fees.
Waterside at Blue Ridge, GA
As of Oct. 1, Waterside was over 90% sold, according to Premier Land Co. The lots have been on the market for approx 3 months since July 2020.
This place is a soggy bottomed gold mine – Literally old, boggy river bottom farmland with high tension power lines running through it-which was razed and replanted to make a park- it’s very unappealing. The “Lake” is a retention pond – The small creek running on the boarder has a flood plain which comes halfway up thru the property parcels bordering.
984 Loving Road – Morganton, GA 30560 (5 miles from Blue Ridge)
https://www.watersidegeorgia.com/
-On the other hand the number are incredible. The “Premier Land Co.” is in the land development and property management business. The intention is to sell to lots the general public as an investment rental income opprtunity.
Number of Lots: Phase I & II 180 total
Selling phase II deveolped lots ave. $80,000. Potential sales of 90 lots = up to 7.2M
30% exclusive property management fee = $445,500 / year gross. (30% x $1,485,000)
($768 lot mo./ ave. x 180 units = 138,240 month / $1,485,000 year gross @ 90% Occ.)
*Sales revenue from from exclusive manfufactured tiny home retailing – unknown
Developers:
Architect:
Owners:
Amenities
Community Hot Tub
Community Outdoor Pool
Fire Pit
Clubhouse Area in the N. Georgia mountains.
The Weather-
Proximity to Downtown Blue Ridge and Lake Blue Ridge.
OREGON COAST
Tiny Tranquility – July 2018
4399 SW Eriksen Ave
Waldport, Oregon
43 spaces x $575 mo. $24,725 x 12mo. @ 90% Occ. = $267,000 Gross/ year
1 month – 1-year space rentals only
+ Rental Management Fee
+ Storage and green house space rental
Amenities
2400 sq ft. Lodge
Outdoor Activity Area
Greenhouse
Dog Park
Landscaping
Grilling area and a fire pit/seating area.
The Redwood Commons – provides sweeping views of the ocean in a large second floor deck and great room which also has a full kitchen for use.
Wi-Fi
Water/ Sewer
Trash Service
PARKS/ Conversions
Georgia
Sugar Mill Creek at Lake Burton – Converted RV Park
Spaces: 51 on 12 acres .24 Acre per lot
Gross – $550.00 x 51 units = $28,050 month / at 90% Occ. = $303,000 Gross/ year
Exclusive sellers for “Lakeside Park Models” Homes (https://lakesideparkmodels.com/)
Tiny Home Cost: Turnkey $100,000 +
Tiny Home manufacturers unit available from retail dealer = $50,000-$60,000
*Sales revenue from from exclusive manfufactured tiny home retailing ~ 51 units x 100,000 = 5.1M
* The owner of this park owns the TH manufacturing facility (Lakeside Park Models) for the tiny homes sold exclusively in his park.
North Carolina
“SIMPLE LIFE”
Converted RV Park – 2017
As of Oct 2020, Simple Life is 95% occupied
150 spaces x $565 ave. rent mo. $84,750 x 12mo. @ 90% Occ. = $915,300 Gross/ year
Tiny Home Cost: Turnkey $120,000 +
*Sales revenue from from exclusive manfufactured tiny home retailing ~ 150 units x $120,000 = 18M Gross
Simple Life has 3 propeties. 2 in North Carolina totaling 280 spaces when phase 2 is compleated
https://www.simple-life.com/the-village-community/
–https://www.facebook.com/morningglorytinyhouse/
–https://www.facebook.com/groups/155009351827993/
Amenities
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Proximity to Hendersonville, NC
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Private gated entrance
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Winding nature trail system
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Private driveways
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Landscaping that celebrates natural wetlands
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Open air mixed-use pavilion
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Yoga room and fitness facility
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Dog parks
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Sports courts
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Shared green spaces
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Water
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Trash Service
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Landscaping
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Cable
Tiny Home Micro Developments – Permanent structures
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The Cottages on Vaughan – Clarkston, Georgia
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Broke Ground Sept 2019
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https://tinyhomeindustryassociation.org/the-cottages-on-vaughan-clarkston-georgia/
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8 Homes on ½ Acre-
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Between 250-500 sq. ft.
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Retail Cost: $100,00 – $125,000 ($900,000 Gross Sales)