Mobile Home Park Details
- Listing ID: 4606416
- Posted On: Mar 5, 2024
- Updated On: Jul 2, 2024
Description
105 Joseph Dr, Raeford, NC 28376
4645 Pine Log Rd, Lumberton, NC 28360
18 McAdam Dr, Elizabethtown, NC 28337
3188 River Rd, Magnolia, NC 28453
Opportunity to acquire 4 manufactured housing communities in close proximity to Lumberton, North Carolina, encompassing a total of 287 sites. These communities are available for purchase either as a portfolio or individually, providing flexibility for potential investors.
This represents a value-add real estate opportunity within manufactured housing communities. The potential for enhancement and increased value exists through strategic improvements, management optimization, or other value-creating initiatives. This investment provides a chance for savvy investors to capitalize on the growth and improvement potential within the manufactured housing sector.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 287 |
| Total Occupancy: | 48.0 % |
| Average MH Lot Rent: | $838 |
| Size: | 147 acre(s) |
Financial Information (Actual)
| Gross Income: | $976,533 |
| Operating Expense: | $366,112 |
| Net Operating Income: | $610,422 |
| Expense Ratio: | 37.5 % |
Utility Information
| Water: | City |
| Sewer: | Septic |
