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Mobile Home Park

Arlington Circle MHP

204 Arlington Cir, Rocky Mount, NC 27801

Listing Price: $3,600,000

Cap Rate
8.21%
Number of Spaces
64
Lot Size
11.45 acres
Occupancy
100.0%
Price/Space
$56,250
Spaces/Acre
5.59
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of the Arlington Circle Mobile Home Community in Rocky Mount, North Carolina. This 64-pad community is located just off Highway 301 with direct access to Highway 64 and Downtown Rocky Mount. This turnkey asset is individually metered, and the tenants are responsible for their own utilities. This gated community comes equipped with a security gate and camera system. This well-maintained park offers additional upside through filling the remaining 11 vacant pads to increase cash flow and fully optimize this property. With the resurgence of Rocky Mount and the close proximity to Raleigh-Durham, the Arlington Circle Mobile Home Community offers new ownership, a turnkey asset with great cashflow plus additional upside potential. Rocky Mount is strategically located between Washington, D.C. and Raleigh-Durham on Interstate 95. With direct access to Interstate 40 & 85, makes Rocky Mount an ideal location for manufacturing and distribution. Which why the textile industry was the main economic generator in the past, but now Rocky Mount has attracted major employers like Capital Broadcasting Company, Pfizer Pharmaceuticals, and QVC Inc to fill the void left by the textile industry. Rocky Mount is also home to the Nash County Railroad and the Railroad behemoth CSX, which announced in 2016 that Rocky Mount would be their East Coast hub for shipping and receiving cargo containers. With the low cost of living, tax incentives and close proximity to the Research Triangle, Rocky Mount is poised to attract more Fortune 500 companies in the logistics, manufacturing and distribution industries.

Investment Highlights

  • Convenient to The Research Triangle & the North Carolina Coast
  • Great Value Add MHP Opportunity through the Lease Up of the Vacant Pads
  • Perfect Opportunity to Convert to Rent to Own and Switch Everyone Over to Lot Rent
  • Recently Renovated Units Include Luxury Vinyl Plank Flooring, New Appliances, Fresh Paint, Refreshed Kitchens and Bathrooms, New Fixtures, Brush Nickel Hardware
  • Community has Onsite: Handyman, HVAC Repairman, and Security Guard
  • Seller Will Consider Short-Term Seller Financing with a Minimum of Half Down

Exclusively Listed By

Mobile Home Park

Arlington Circle MHP

Listing Price: $3,600,000

Cap Rate
8.21%
Number of Spaces
64
Lot Size
11.45 acres
Occupancy
100.0%
Price/Space
$56,250
Spaces/Acre
5.59
Year Built
1990

Investment Highlights

  • Convenient to The Research Triangle & the North Carolina Coast
  • Great Value Add MHP Opportunity through the Lease Up of the Vacant Pads
  • Perfect Opportunity to Convert to Rent to Own and Switch Everyone Over to Lot Rent
  • Recently Renovated Units Include Luxury Vinyl Plank Flooring, New Appliances, Fresh Paint, Refreshed Kitchens and Bathrooms, New Fixtures, Brush Nickel Hardware
  • Community has Onsite: Handyman, HVAC Repairman, and Security Guard
  • Seller Will Consider Short-Term Seller Financing with a Minimum of Half Down

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing of the Arlington Circle Mobile Home Community in Rocky Mount, North Carolina. This 64-pad community is located just off Highway 301 with direct access to Highway 64 and Downtown Rocky Mount. This turnkey asset is individually metered, and the tenants are responsible for their own utilities. This gated community comes equipped with a security gate and camera system. This well-maintained park offers additional upside through filling the remaining 11 vacant pads to increase cash flow and fully optimize this property. With the resurgence of Rocky Mount and the close proximity to Raleigh-Durham, the Arlington Circle Mobile Home Community offers new ownership, a turnkey asset with great cashflow plus additional upside potential. Rocky Mount is strategically located between Washington, D.C. and Raleigh-Durham on Interstate 95. With direct access to Interstate 40 & 85, makes Rocky Mount an ideal location for manufacturing and distribution. Which why the textile industry was the main economic generator in the past, but now Rocky Mount has attracted major employers like Capital Broadcasting Company, Pfizer Pharmaceuticals, and QVC Inc to fill the void left by the textile industry. Rocky Mount is also home to the Nash County Railroad and the Railroad behemoth CSX, which announced in 2016 that Rocky Mount would be their East Coast hub for shipping and receiving cargo containers. With the low cost of living, tax incentives and close proximity to the Research Triangle, Rocky Mount is poised to attract more Fortune 500 companies in the logistics, manufacturing and distribution industries.

Exclusively Listed By

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