Onyx Mobile Home Park is a cash-flowing manufactured housing investment located in Lumberton, North Carolina, offering in-place income with significant infill upside.

The property currently consists of 6 occupied homes, including 4 park-owned homes and 2 tenant-owned homes. Current monthly rental income is approximately $4,025, or $48,300 annually. Based on current ownership expenses, annual NOI is approximately $30,600.

The property is approved for up to 17 units utilizing septic systems, providing the opportunity to add 11 additional homes to the existing community. The property also has the potential for up to 26 units with installation of an appropriate sewer facility. Buyers should independently verify all development approvals, utility requirements and expansion costs.

Current lot rents range from $300 to $350 per month, with an average lot rent of approximately $342. The 4 park-owned homes currently generate approximately $3,375 per month in aggregate rent. Ownership believes market lot rent is approximately $400 per month, providing additional mark-to-market upside.

The property is approximately 2.14 acres and is served by public water and septic systems. The site is partially cleared and partially wooded, offering an attractive combination of existing cash flow and future development potential.

Financial information, rent roll, site plan and additional diligence materials are available to qualified buyers upon request.