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Mobile Home Park Details

  • Price: Call for Price
  • Listing ID: 4727478
  • Posted On: Mar 14, 2024
  • Updated On: Mar 21, 2024


210 Glisson Street Lumberton, NC 28358
24 Alamac Village Dr Lumberton, NC 28358
3381 E Elizabethtown Rd Lumberton, NC 28358
5480 Shannon Road Shannon, NC 28386
600 Warwick Mill Rd Lumberton, NC 28358
1056 Snake Road Lumberton, NC 28358
1390 Snake Road Lumberton, NC 28358
105 Joseph Drive Raeford, NC 28376
4645 Pine Log Road Lumberton, NC 28386
18 McAdam Road Elizabethtown, NC 28337
3188 River Road Magnolia, NC 28453
4344 Alamac Road Lumberton, NC 28358
73 Pebble Drive Lumberton, NC 28358
300 Pearl Street Lumberton, NC 28358

Jonathon McClellan and Kyle Baskin, in collaboration with Glenn Esterson of Marcus & Millichap, are pleased to present an exciting opportunity to acquire 14 manufactured housing communities nestled in Southeast North Carolina, boasting a combined total of 889 sites. These communities are being offered for purchase either as a comprehensive portfolio or as individual assets, allowing potential investors the flexibility to tailor their investment strategy to their preferences.

Of the 522 homes within the portfolio, with data available for the past year, an impressive 57%, equivalent to 296 units, were constructed in 2017 or later, showcasing a modern and desirable housing inventory.

Strategically positioned within a 70-mile radius of each other, and the majority conveniently located within 10 miles, these communities offer operational and management efficiencies for a new investor looking to capitalize on these strategic geographic arrangements. Furthermore, over half of the communities have undergone comprehensive infrastructure upgrades, including the installation of new roads, enhancing their appeal and value.

This opportunity presents a promising value-add proposition within the manufactured housing community sector. The potential for enhancement and increased value exists through strategic improvements, management optimization, or other value-creating initiatives. Investors have the chance to capitalize upon the growth and improvement potential within the manufactured housing sector through this meticulously curated investment opportunity.

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Park Information

Community Type: All Age
Number of MH Lots: 889
Total Occupancy: 58.5 %
Average MH Lot Rent: $783
Size: 306 acre(s)

Financial Information (Actual)

Gross Income: $4,206,581
Operating Expense: $1,733,672
Net Operating Income: $2,472,911
Expense Ratio: 41.2 %

Utility Information

Water: City

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