Investment Overview

Marcus & Millichap is pleased to present Ellerbe MHP, a well-maintained manufactured home park located on Lincoln Ave in Ellerbe, North Carolina. This property consists of 15 total pads, including 10 lot rent spaces and 5 vacant lots. The park benefits from a direct-billing structure for electricity, with city-provided water and sewer. Ellerbe MHP is a solid investment offering both stable income from lot rent spaces and considerable upside potential through vacant lot development. With low operating costs, an efficient utility structure, and a growing market for affordable housing, this property presents an attractive opportunity for investors seeking both immediate returns and long-term value appreciation in a well-positioned North Carolina market. Ellerbe is a small, rural town located in central North Carolina, within close proximity to larger regional markets such as Rockingham and Fayetteville. Known for its peaceful surroundings and affordability, Ellerbe has a stable local economy driven by agriculture, retail, and nearby industrial activity. As more people seek affordable housing options in suburban and rural markets, the demand for manufactured housing is rising. Additionally, Ellerbe’s proximity to the larger towns and cities in the region enhances its appeal to those looking for affordable living options with easy access to amenities and employment centers. As a result, Ellerbe MHP is well-positioned to benefit from the growing need for affordable housing in the area.