Apex I Portfolio | 6 Manufactured Housing Communities | NC & SC | $15,900,000

Six manufactured housing communities with 174 units on 55.61 acres. They’re in Hickory, Olin, Stony Point, Morganton and Newton, NC, and Chesterfield, SC.

97 Tenant Owned Homes
37 Rent to Own Homes
6 Vacant Park Owned Homes
3 SFH
31 Vacant lots for infill

$19,100/month of RTO payments

Price: $15,900,000 ($91,379/unit)
Year 1 pro forma NOI: $946,178, a 5.95% cap rate
In-place rent: $1,097,700/year
Expense ratio: 21%.

A good fit for a buyer who wants contracted income now and room to grow through lease-up and rent increases.

Contact- Christian.Thomas@acme-homes.com