Put your cash to work and earn a great ROI without worrying about repairs because nearly everything is new! The newly built (2021) Patriot Pine Estates Manufactured Home Community is stabilized and ready for sale. It is located in Cumberland County, North Carolina, within the city limits of Fayetteville. The all ages community is less than a 10-minute commute from downtown Fayetteville and approximately 1 mile away from a new amazon sorting facility. The community provides plenty of upside potential in a strong market. Current occupancy consists of 9 park owned homes (POH) and 1 lot renter. Future owners can capitalize on the significant upside by filling 6 vacant lots, either by leasing the pads only or by purchasing homes and leasing the homes. All POHs are new - 8 are 2020 or 2021 models and the 9th was completely rebuilt in 2022. They can be sold if a more passive income is preferred but, significantly, 8 of them are taxed as personal property (very low rate). Offer them as rent-to-own homes or keep them (while they are still new). The 6 unoccupied lots will provide buyer flexibility and significant value add opportunity. There is huge demand for units, and they are rented as soon as they come available.

Notably, this park sits on approximately 4.33 acres, which contains 1 private road and fee ownership of a strip of land for future road (if deemed necessary). The park is on CITY WATER AND SEWER, so there are no expensive wells or septic tanks to be maintained. Also, all electrical and water infrastructure and most of the sewer infrastructure is brand new. Trash collection is via dumpster, paid for by owner. The future owner can pass this expense through if they prefer.

This stabilized investment offers solid returns with no deferred maintenance. The property currently grosses $125,000 annually but new leases will be at a 12% increase (Fair Market rents for 3 bedroom units went up by this much for 2023), so once rent increases are in effect, the gross will be over $135,000. This income can be augmented significantly by renting the remaining pads or purchasing new POHs. There is no deferred maintenance. All water lines and water/electrical hookups are brand new. Even the electric mainline infrastructure onsite was replaced by the Fayetteville PWC in late 2020.

This is not a distressed property, so please no low ballers. Current cap rate includes full time management- owners are out of state. Local buyers can increase by 1% or more with streamlined management. Sellers will continue to enjoy the substantial cashflow if they don't receive an acceptable offer.