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Mobile Home Park

Bunnlevel MHP

67 Ervin McNeill St, Bunnlevel, NC 28323

Listing Price: $950,000

Cap Rate
7.22%
Number of Spaces
32
Lot Size
30.03 acres
Occupancy
75.0%
Price/Space
$29,688
Spaces/Acre
1.07
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to present Bunnlevel MHP, a well-established manufactured home park located in Bunnlevel, North Carolina. This property consists of 32 total pads, including 22 lot rent spaces, 3 Rent-to-Own (RTO) homes, 5 vacant lots, and 2 Vendor-Purchased-Owned Homes (VPOH). The park is efficiently managed with electricity billed directly to tenants, while water and sewer services are provided by the city. Bunnlevel MHP represents an excellent investment opportunity with stable income, development upside, and strong market fundamentals. With its mix of lot rent spaces, vacant lots, and low operational costs, this property offers both steady cash flow and the potential for long-term appreciation in a growing North Carolina market.

Bunnlevel, located in Harnett County, is a growing town in central North Carolina, strategically situated near major cities such as Fayetteville and Raleigh. This proximity to regional economic centers, combined with a lower cost of living, makes Bunnlevel an attractive location for residents seeking affordable housing options. The area is experiencing steady growth in population and housing demand, driven by an expanding local economy and proximity to Fort Bragg, one of the largest military installations in the world. As demand for affordable housing continues to rise, particularly in suburban and rural areas like Bunnlevel, the manufactured home sector is poised for growth, making Bunnlevel MHP a solid investment opportunity.

Investment Highlights

  • Stable Income with High Lot Rent Composition: Lot rent properties offer lower tenant turnover & greater rent stability, making this a strong foundation for consistent cash flow
  • Upside Potential from Vacant Lots and Development: The vacant pads can be developed with new homes or filled with additional Vendor-Purchased-Owned Homes (VPOH), increasing occupancy and rental income
  • Proximity to Key Economic Hubs and Military Installations
  • Low Operating Costs and Efficient Utility Management: With electricity directly billed to tenants, Bunnlevel MHP keeps utility expenses low for the owner. Additionally, both water and sewer are provided by the city, further streamlining operations and reducing management complexities.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Mobile Home Park

Bunnlevel MHP

Listing Price: $950,000

Cap Rate
7.22%
Number of Spaces
32
Lot Size
30.03 acres
Occupancy
75.0%
Price/Space
$29,688
Spaces/Acre
1.07
Year Built
1980

Investment Highlights

  • Stable Income with High Lot Rent Composition: Lot rent properties offer lower tenant turnover & greater rent stability, making this a strong foundation for consistent cash flow
  • Upside Potential from Vacant Lots and Development: The vacant pads can be developed with new homes or filled with additional Vendor-Purchased-Owned Homes (VPOH), increasing occupancy and rental income
  • Proximity to Key Economic Hubs and Military Installations
  • Low Operating Costs and Efficient Utility Management: With electricity directly billed to tenants, Bunnlevel MHP keeps utility expenses low for the owner. Additionally, both water and sewer are provided by the city, further streamlining operations and reducing management complexities.

Investment Overview

Marcus & Millichap is pleased to present Bunnlevel MHP, a well-established manufactured home park located in Bunnlevel, North Carolina. This property consists of 32 total pads, including 22 lot rent spaces, 3 Rent-to-Own (RTO) homes, 5 vacant lots, and 2 Vendor-Purchased-Owned Homes (VPOH). The park is efficiently managed with electricity billed directly to tenants, while water and sewer services are provided by the city. Bunnlevel MHP represents an excellent investment opportunity with stable income, development upside, and strong market fundamentals. With its mix of lot rent spaces, vacant lots, and low operational costs, this property offers both steady cash flow and the potential for long-term appreciation in a growing North Carolina market. Bunnlevel, located in Harnett County, is a growing town in central North Carolina, strategically situated near major cities such as Fayetteville and Raleigh. This proximity to regional economic centers, combined with a lower cost of living, makes Bunnlevel an attractive location for residents seeking affordable housing options. The area is experiencing steady growth in population and housing demand, driven by an expanding local economy and proximity to Fort Bragg, one of the largest military installations in the world. As demand for affordable housing continues to rise, particularly in suburban and rural areas like Bunnlevel, the manufactured home sector is poised for growth, making Bunnlevel MHP a solid investment opportunity.

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    First Vice President Investments

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

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