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Mobile Home Park

NC Core Portfolio

116 Yellowstone Ln, Statesville, NC 28677

Listing Price: $6,395,000

Cap Rate
6.72%
Number of Spaces
148
Lot Size
146.74 acres
Occupancy
96.3%
Price/Space
$43,209
Spaces/Acre
1.01
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing for the North Carolina Core Mobile Home Park Portfolio. This portfolio includes 4 parks with proximity to major growing metros Winston-Salem, Greensboro, Charlotte, and Hickory, North Carolina. These desirable locations provide an investor the opportunity to acquire a significant number of units, providing immediate scale and geographic diversity through central North Carolina. The portfolio currently features 141 pads with the ability to add additional pads. The four properties contain a mix of both park-owned homes and strictly lot rent pads as well as four stick-built homes, a duplex, and an apartment, providing a diversified income stream to ownership. The combined acreage of the parks totals 80+/- acres of land situated in both city and park-like, country settings.

Investment Highlights

  • The portfolio provides significant upside opportunity through increasing rental rates to market levels, providing an investor an average increase of over 30%.
  • Opportunity to acquire four parks located in the central part of North Carolina, providing immediate scale and geographic diversity.
  • All of the parks in the portfolio are located in close proximity to dynamic and growing markets within the central part of North Carolina. Additional upside opportunity through the ability to support
  • The parks are all located in markets with a lack of available inventory and strong demand given surrounding economic growth.

Exclusively Listed By

Mobile Home Park

NC Core Portfolio

Listing Price: $6,395,000

Cap Rate
6.72%
Number of Spaces
148
Lot Size
146.74 acres
Occupancy
96.3%
Price/Space
$43,209
Spaces/Acre
1.01
Year Built
1970

Investment Highlights

  • The portfolio provides significant upside opportunity through increasing rental rates to market levels, providing an investor an average increase of over 30%.
  • Opportunity to acquire four parks located in the central part of North Carolina, providing immediate scale and geographic diversity.
  • All of the parks in the portfolio are located in close proximity to dynamic and growing markets within the central part of North Carolina. Additional upside opportunity through the ability to support
  • The parks are all located in markets with a lack of available inventory and strong demand given surrounding economic growth.

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing for the North Carolina Core Mobile Home Park Portfolio. This portfolio includes 4 parks with proximity to major growing metros Winston-Salem, Greensboro, Charlotte, and Hickory, North Carolina. These desirable locations provide an investor the opportunity to acquire a significant number of units, providing immediate scale and geographic diversity through central North Carolina. The portfolio currently features 141 pads with the ability to add additional pads. The four properties contain a mix of both park-owned homes and strictly lot rent pads as well as four stick-built homes, a duplex, and an apartment, providing a diversified income stream to ownership. The combined acreage of the parks totals 80+/- acres of land situated in both city and park-like, country settings.

Exclusively Listed By

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