Contact Information

Mobile Home Park Details

  • Price: $9,500,000
  • Property ID: 1020837
  • Posted on Jan 7, 2019

Property Description

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Primary Contact: Dominic Bologna - dominic@mhreinc.com

MHRE Inc. is pleased to offer the Babbitt North Carolina Portfolio, which consists of two neighboring parks, Brentwood MHP and Crepe Myrtle.

The parks are situated on +/- 106 acres, with easy access to local schools, parks, and recreational amenities. In the past several years, ownership has purchased 70 homes and filled the parks to 99.3% occupancy. Crepe Myrtle is a 33 site park and is filled with 4 resident owned homes, 3 rent to own homes, and 25 occupied leased homes. Brentwood is a 111 site park at 100% occupancy with 26 resident owned homes, 5 rent to own homes, and 80 occupied leased homes. Many of the tenants at these parks are long term and have been residents for 10 years plus.

Location

The Town of Angier is located in northeast Harnett County, approximately 21 miles from downtown Raleigh, the State Capital. Angier, the Town of Crepe Myrtles, is a town of quietness, security and tremendous opportunity for its residents. Despite the substantial growth in this area, Angier is still the kind of town where you know your neighbors. The Town covers approximately 2.3 square miles and has a population of 4,718.

The Town of Angier boasts an excellent quality of life as a progressive and friendly community that offers small-town living, plus all of the benefits of being in close proximity to metropolitan areas of Raleigh, Durham, Chapel Hill and Research Triangle Part (RTP). A great location, affordable land and outstanding workforce make Angier one of the best places in the region to begin or expand a business or industry.

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Park Information

Community Type: All Age
Number of MH Lots: 144
Total Occupancy: 99.3 %
Year Built: 1989
Average MH Lot Rent: $335
Size: 106.0 acre(s)

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