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Mobile Home Park

Cape Fear Village MHP

2620 Cattail Cir, Fayetteville, NC 28312

Listing Price: Request For Offer

Number of Spaces
183
Lot Size
45.80 acres
Occupancy
92.3%
Spaces/Acre
4.00
Year Built
1970

Investment Overview

We are pleased to present Cape Fear Village MHP, a stabilized, turn-key cash flowing investment with 183 units on 45 acres.

This community is centrally located in the fast-growing Fayetteville MSA with close proximity to Charlotte & Raleigh, providing residents with a great place to live, raise a amily and also find employment. The Fayetteville NC MSA has over 518K+ people living there, providing a well-trained and productive work force that enhances the areas diverse employment base.

There are 183 total lots with 169 currently rented: 2 tenant owned homes (TOH, 167 rented park owned homes (POH, 13 vacant POH and 1 vacant lot. 13 o the vacant park owned homes are brand new 2022, 14 X 66 models, ready or immediate occupancy. Occupied POH’s are rented or an average o $982 a month. The overall market may be able to support higher rents based on surging population growth, limited affordable housing supply and growing demand in this market. Cape Fear Village MHP is serviced by public utilities that are paid directly by the tenants. Curbside trash is provided and paid by the landlord. All utility systems are in good working order. The roads are paved and in good condition. The park is not affected by a flood zone and is not in an opportunity zone.

With 92% occupancy, public utilities, and a very rapidly growing market with strong demand or affordable housing, this investment presents a great opportunity to create more scale or enter into the fast growing (+72% growth Fayetteville NC market. We are asking investors to submit their best offers, as no pricing guidance will be given. All offers must include price, inspection timelines, appropriate terms, proof of funds, a list o due diligence required rom owners, and relevant real estate experience.

Location Information:
According to the most recent census data, Fayetteville NC MSA has a population o 518K+ people, with a median household income o $52K+ annually, and a median home price o $207K.

Fayetteville, North Carolina is a charming city located just south o Fort Bragg Army base and near several beaches. With its quaint downtown district and abundance o parks, visitors can take in all that this vibrant area has to offer. There are plenty o activities available including golfing, kayaking, fishing and horseback riding. Fayetteville also offers exciting nightlife, delicious restaurants and a variety o cultural attractions including historical sites and live entertainment. No matter what you’re looking or, Fayetteville provides an unforgettable experience. Mid-sized city / Military town - South-central North Carolina, along Cape Fear River, 90 miles south o Raleigh-Durham.

Investment Highlights

  • Turn-Key Stabilized Asset
  • 92% Occupancy
  • Strong Demand For Affordable Housing

Exclusively Listed By

  • Glenn D. Esterson

    Senior Vice President Investments

    (678) 808-2723

    Email Glenn

    License(s): NC: 272218, GA: 355850

    Charlotte Uptown

Mobile Home Park

Cape Fear Village MHP

Listing Price: Request For Offer

Number of Spaces
183
Lot Size
45.80 acres
Occupancy
92.3%
Spaces/Acre
4.00
Year Built
1970

Investment Highlights

  • Turn-Key Stabilized Asset
  • 92% Occupancy
  • Strong Demand For Affordable Housing

Investment Overview

We are pleased to present Cape Fear Village MHP, a stabilized, turn-key cash flowing investment with 183 units on 45 acres. This community is centrally located in the fast-growing Fayetteville MSA with close proximity to Charlotte & Raleigh, providing residents with a great place to live, raise a amily and also find employment. The Fayetteville NC MSA has over 518K+ people living there, providing a well-trained and productive work force that enhances the areas diverse employment base. There are 183 total lots with 169 currently rented: 2 tenant owned homes (TOH, 167 rented park owned homes (POH, 13 vacant POH and 1 vacant lot. 13 o the vacant park owned homes are brand new 2022, 14 X 66 models, ready or immediate occupancy. Occupied POH’s are rented or an average o $982 a month. The overall market may be able to support higher rents based on surging population growth, limited affordable housing supply and growing demand in this market. Cape Fear Village MHP is serviced by public utilities that are paid directly by the tenants. Curbside trash is provided and paid by the landlord. All utility systems are in good working order. The roads are paved and in good condition. The park is not affected by a flood zone and is not in an opportunity zone. With 92% occupancy, public utilities, and a very rapidly growing market with strong demand or affordable housing, this investment presents a great opportunity to create more scale or enter into the fast growing (+72% growth Fayetteville NC market. We are asking investors to submit their best offers, as no pricing guidance will be given. All offers must include price, inspection timelines, appropriate terms, proof of funds, a list o due diligence required rom owners, and relevant real estate experience. Location Information: According to the most recent census data, Fayetteville NC MSA has a population o 518K+ people, with a median household income o $52K+ annually, and a median home price o $207K. Fayetteville, North Carolina is a charming city located just south o Fort Bragg Army base and near several beaches. With its quaint downtown district and abundance o parks, visitors can take in all that this vibrant area has to offer. There are plenty o activities available including golfing, kayaking, fishing and horseback riding. Fayetteville also offers exciting nightlife, delicious restaurants and a variety o cultural attractions including historical sites and live entertainment. No matter what you’re looking or, Fayetteville provides an unforgettable experience. Mid-sized city / Military town - South-central North Carolina, along Cape Fear River, 90 miles south o Raleigh-Durham.

Exclusively Listed By

  • Glenn D. Esterson

    Senior Vice President Investments

    (678) 808-2723

    Email Glenn

    License(s): NC: 272218, GA: 355850

    Charlotte Uptown

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