Contact Information
Glenn Esterson
License: NC: 272218
Mobile Home Park Details
- Price: $1,400,000
- Purchase Method: Cash
- Cap Rate: 8.0% (Actual)
- Listing ID: 6984860
- Posted On: Oct 21, 2025
- Updated On: Oct 23, 2025
Description
The Esterson MHC Team is pleased to present Hardwick MHP, a 21-unit manufactured housing community located in Fayetteville, NC, the growing Cumberland County submarket of North Carolina. This stabilized with upside investment opportunity features 20 income-producing homes and 1 vacant lot.
The property benefits from proximity to major job centers, including Fort Liberty (formerly Fort Bragg), Cape Fear Valley Medical Center, and downtown Fayetteville. The region is supported by a strong tenant base of military families, healthcare workers, and workforce housing renters, making this an attractive submarket for yield-focused MHC investors.
The community includes 21 total lots, comprised of 16 rented park-owned homes (POH),4 tenant-owned homes (TOH), and 1 vacant manufactured housing lot. The average lot rental rate per month is $465/month and the POH rent averages $355 above lot rent. The park owned homes are an average age of 1998 and in average condition.
The park operates on public water, sewer, and electric, with tenants direct-billed, significantly lowering operating expenses and simplifying collections. Trash is serviced by curbside bins that are paid for by the park and included in rent. The road is paved and privately maintained and in average shape. The park is NOT in a flood zone or an opportunity zone.
With strong occupancy, public utilities, and strong in-place collections, the community provides a turnkey, clean acquisition with immediate yield and value-add potential. We are asking investors to submit offers at $1,400,000. All offers must include pricing, inspection period, funding source, and appropriate due diligence timelines.
Location
Fayetteville is a historically significant city located in southeastern North Carolina, serving as the county seat of Cumberland County and home to Fort Liberty (formerly Fort Bragg), one of the largest military installations in the world. The city benefits from its strategic location along Interstate 95, offering direct access to Raleigh, Charlotte, and the Atlantic coast, while also serving as a regional hub for military logistics, defense contracting, and government services.
The local economy is driven by a strong federal and defense presence, complemented by education, healthcare, and manufacturing. Major institutions include Cape Fear Valley Health System, Fayetteville State University, and Methodist University. With ongoing infrastructure improvements, expanding retail corridors, and a revitalizing downtown district, the region continues to attract military families, contractors, and long-term residents seeking affordability and stability.
With affordable housing options, military BAH stability, and population churn from active duty and civilian government personnel, Fayetteville has become an appealing market for value-add investors focused on mobile home parks, affordable workforce housing, and RV accommodations that serve both permanent residents and transients.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 21 |
| Total Occupancy: | 95.0 % |
| Average MH Lot Rent: | $465 |
| Size: | 3 acre(s) |
Financial Information (Actual)
| Gross Income: | $179,700 |
| Operating Expense: | $67,460 |
| Net Operating Income: | $112,240 |
| Expense Ratio: | 37.5 % |
Lot Information
| Singlewide Lots: | 21 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 16 |
| Average Rent for Park-owned Homes: | $820 |