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Mobile Home Park

Starwood & Starlite Mobile Home Park Portfolio

119 Starwood Cir, Jacksonville, NC 28540

Listing Price: $3,100,000

Cap Rate
7.20%
Number of Spaces
56
Lot Size
11.28 acres
Occupancy
95.0%
Price/Space
$55,357
Spaces/Acre
4.96
Year Built
1950

Investment Overview

Marcus & Millichap is pleased to present this exclusive offering for the Starwood and Starlite Mobile Home Park portfolio. The properties are located in the growing and desirable market of Jacksonville, NC. The Camp Lejeune Military Base, Coastal Carolina Community College, and an expanding healthcare industry provide an established and growing local economy. Camp Lejeune populates over 137,000 personnel, generating almost $3 billion in commerce, supporting the local economy and demand for affordable housing. These parks also benefit from proximity to beaches and the rapidly growing Wilmington, NC and surrounding multi-family housing markets. The 2 parks are only 5 miles apart and total 56 units. Many of the units are freshly renovated, reducing maintenance and repair costs. This portfolio includes mobile homes, single family homes, apartments, and a restaurant/bar building with an established tenant. The diverse revenue steam provides steady owner income. Below-market rents and ability to bring 10 more units on-line provide value-add opportunities for investors. With proximity to downtown Jacksonville, access to multiple highways, and economic generators, the assets are excellently positioned to leverage the growth of the local metropolitan areas and Southeast market.

Investment Highlights

  • The Jacksonville area is expected to grow 2-4% in next 5 years
  • Diverse revenue stream includes 2 locations, mobile homes, apartments, and a business/lounge
  • Established and consistent cash flows with value-add potential to increase revenue
  • Close proximity to downtown and proven economic generators

Exclusively Listed By

Mobile Home Park

Starwood & Starlite Mobile Home Park Portfolio

Listing Price: $3,100,000

Cap Rate
7.20%
Number of Spaces
56
Lot Size
11.28 acres
Occupancy
95.0%
Price/Space
$55,357
Spaces/Acre
4.96
Year Built
1950

Investment Highlights

  • The Jacksonville area is expected to grow 2-4% in next 5 years
  • Diverse revenue stream includes 2 locations, mobile homes, apartments, and a business/lounge
  • Established and consistent cash flows with value-add potential to increase revenue
  • Close proximity to downtown and proven economic generators

Investment Overview

Marcus & Millichap is pleased to present this exclusive offering for the Starwood and Starlite Mobile Home Park portfolio. The properties are located in the growing and desirable market of Jacksonville, NC. The Camp Lejeune Military Base, Coastal Carolina Community College, and an expanding healthcare industry provide an established and growing local economy. Camp Lejeune populates over 137,000 personnel, generating almost $3 billion in commerce, supporting the local economy and demand for affordable housing. These parks also benefit from proximity to beaches and the rapidly growing Wilmington, NC and surrounding multi-family housing markets. The 2 parks are only 5 miles apart and total 56 units. Many of the units are freshly renovated, reducing maintenance and repair costs. This portfolio includes mobile homes, single family homes, apartments, and a restaurant/bar building with an established tenant. The diverse revenue steam provides steady owner income. Below-market rents and ability to bring 10 more units on-line provide value-add opportunities for investors. With proximity to downtown Jacksonville, access to multiple highways, and economic generators, the assets are excellently positioned to leverage the growth of the local metropolitan areas and Southeast market.

Exclusively Listed By

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