Value-add opportunity located in the strong and rapidly growing city of Fayetteville, NC with significant upside in rents and infill.

Fort Bragg, the largest US Army base and one of the largest in the world, has roughly 54,000 active personnel, 70,000 active-duty family members, 14,000 civilian members, and 121,000 retirees and family members in the Fayetteville metro.

According to realtor.com, the average sale price of homes in Fayetteville in April 2022 was $184,000, an 11.2% increase year-over-year. Located 15 minutes from Fort Bragg, 20 minutes from the airport, and less than 10 minutes from multipleWalmarts, Enchanted Forest is perfectly positioned to serve the need for affordable housing in Fayetteville, NC.

Enchanted Forest consists of 73 mobile home (MH) lots with 56 tenant owned homes (TOH), 2 abandoned homes, and 15 vacant MH lots.

The park is a year-round, all-ages community serviced by public water and sewer that is sub-metered and billed back to tenants. Electricity is billed directly to tenants and curbside trash is paid for by the park and included in the rent.

The roads are asphalt and concrete and in average to above average shape with speed bumps in place. The park is partially located in a flood zone and is not located in an opportunity zone.

We will not be providing any pricing guidance and all serious offers will be considered.

Contact Dylan Hellberg for more information.

HIGHLIGHTS

100% of current tenants are tenant owned homes
Public water/sewer
Central location