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Mobile Home Park

Taylor Park

600 Warwick Mill Rd, Lumberton, NC 28358

Listing Price: Request For Offer

Number of Spaces
52
Lot Size
6.84 acres
Occupancy
52.0%
Spaces/Acre
7.60
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to present an exciting opportunity to acquire 14 manufactured housing communities nestled in Southeast North Carolina, boasting a combined total of 889 sites. These communities are being offered for purchase either as a comprehensive portfolio or as individual assets, allowing potential investors the flexibility to tailor their investment strategy to their preferences.

Of the 522 homes within the portfolio, with data available for the past year, an impressive 57%, equivalent to 296 units, were constructed in 2017 or later, showcasing a modern and desirable housing inventory.

Strategically positioned within a 70-mile radius of each other, and the majority conveniently located within 10 miles, these communities offer operational and management efficiencies for a new investor looking to capitalize on these strategic geographic arrangements. Furthermore, over half of the communities have undergone comprehensive infrastructure upgrades, including the installation of new roads, enhancing their appeal and value.

This opportunity presents a promising value-add proposition within the manufactured housing community sector. The potential for enhancement and increased value exists through strategic improvements, management optimization, or other value-creating initiatives. Investors have the chance to capitalize upon the growth and improvement potential within the manufactured housing sector through this meticulously curated investment opportunity.

Investment Highlights

  • Among the 522 homes owned by the park, that we have a year for, around 57%, or 296 units, were constructed in 2017 or later.
  • All the communities receive public water and sewer services, with the exception of Taylor's Bridge, Pinewood Estates, and Green Pines, which rely on septic systems.
  • All 14 communities are situated within a 70-mile radius of each other, and the majority are conveniently located within 10 miles.

Exclusively Listed By

Mobile Home Park

Taylor Park

Listing Price: Request For Offer

Number of Spaces
52
Lot Size
6.84 acres
Occupancy
52.0%
Spaces/Acre
7.60
Year Built
1970

Investment Highlights

  • Among the 522 homes owned by the park, that we have a year for, around 57%, or 296 units, were constructed in 2017 or later.
  • All the communities receive public water and sewer services, with the exception of Taylor's Bridge, Pinewood Estates, and Green Pines, which rely on septic systems.
  • All 14 communities are situated within a 70-mile radius of each other, and the majority are conveniently located within 10 miles.

Investment Overview

Marcus & Millichap is pleased to present an exciting opportunity to acquire 14 manufactured housing communities nestled in Southeast North Carolina, boasting a combined total of 889 sites. These communities are being offered for purchase either as a comprehensive portfolio or as individual assets, allowing potential investors the flexibility to tailor their investment strategy to their preferences. Of the 522 homes within the portfolio, with data available for the past year, an impressive 57%, equivalent to 296 units, were constructed in 2017 or later, showcasing a modern and desirable housing inventory. Strategically positioned within a 70-mile radius of each other, and the majority conveniently located within 10 miles, these communities offer operational and management efficiencies for a new investor looking to capitalize on these strategic geographic arrangements. Furthermore, over half of the communities have undergone comprehensive infrastructure upgrades, including the installation of new roads, enhancing their appeal and value. This opportunity presents a promising value-add proposition within the manufactured housing community sector. The potential for enhancement and increased value exists through strategic improvements, management optimization, or other value-creating initiatives. Investors have the chance to capitalize upon the growth and improvement potential within the manufactured housing sector through this meticulously curated investment opportunity.

Exclusively Listed By

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