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Mobile Home Park

Church Street & Misty Creek MHP

104 M P Dr, Stoneville, NC 27048

Listing Price: $2,655,000

Cap Rate
6.00%
Number of Spaces
87
Lot Size
38.00 acres
Occupancy
92.0%
Price/Space
$30,517
Spaces/Acre
2.29
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Church Street MHP and Misty Creek MHP located in Stoneville, North Carolina. The communities contain a total of 87 sites that are 92 percent occupied. Church Street and Misty Creek are all age communities located within 2.7 miles of one another. Church Street is serviced by public water and sewer that is sub-metered, while Misty Creek has public water that is sub-metered and private sewer (septic). With the communities located within 2.7 miles of one another, a new investor can continue to benefit from management and maintenance consolidation moving forward. Additionally, new ownership will be positioned to grow value through increasing occupancy.

Investment Highlights

  • The communities are located within 3 miles of one another, allowing new ownership to continue to benefit from management and maintenance consolidation
  • Opportunity to acquire two manufactured housing communities located in North Carolina
  • The communities contain 87 total sites that are 92 percent occupied
  • Both communities are serviced by public water that is sub-metered.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Mobile Home Park

Church Street & Misty Creek MHP

Listing Price: $2,655,000

Cap Rate
6.00%
Number of Spaces
87
Lot Size
38.00 acres
Occupancy
92.0%
Price/Space
$30,517
Spaces/Acre
2.29
Year Built
1980

Investment Highlights

  • The communities are located within 3 miles of one another, allowing new ownership to continue to benefit from management and maintenance consolidation
  • Opportunity to acquire two manufactured housing communities located in North Carolina
  • The communities contain 87 total sites that are 92 percent occupied
  • Both communities are serviced by public water that is sub-metered.

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire Church Street MHP and Misty Creek MHP located in Stoneville, North Carolina. The communities contain a total of 87 sites that are 92 percent occupied. Church Street and Misty Creek are all age communities located within 2.7 miles of one another. Church Street is serviced by public water and sewer that is sub-metered, while Misty Creek has public water that is sub-metered and private sewer (septic). With the communities located within 2.7 miles of one another, a new investor can continue to benefit from management and maintenance consolidation moving forward. Additionally, new ownership will be positioned to grow value through increasing occupancy.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

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