145 Eunice Ln - Manufactured Housing/Mobile Housing FOR SALE


Cameron, NC 28326
$995,000 USD
910-988-4263
145 Eunice Ln, Cameron, NC for Sale
$995,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/8
null | Request Cap Rate

145 Eunice Ln
Cameron, NC 28326


OVERVIEW

Pooles Mobile Home Park (“Pooles MHP”) consists of thirteen (13) pads located on 3.77 acres in the North Carolina Southeast Submarket. Twelve (12) pads are occupied by parked owned homes (POHs) and there is one (1) vacant pad. Two of the POHs are being operated as Airbnb with great success. The current Airbnb homes, however, could be rented by a new owner with conservative estimated rents of $1,000 each. The park infrastructure consists of two streets with security lighting. The park is serviced by well water and septic tanks. Water and electricity are individually metered and paid for by tenants. The current rent roll for the ten (10) regular POHs supports a yearly gross income of $93,000. Assuming renting out the two current Airbnbs, infilling the vacant pad, and thirty percent (30%) expense ratio, net operating income is projected at $90,300 (9.08% cap rate). Pooles MHP’s use is grandfathered in. This means that the existing homes can be replaced, but there can be no expansion beyond thirteen (13) pads. In January 2025, Poole MHP had its most recent Harnett County inspection and is in good standing. Pooles MHP is located in the North Carolina Southeast Submarket 1.5 miles from the Spout Springs/NC Highway 87/Hwy 24 interchange providing tenants convenient access to nearby shopping and major roads in and around the Harnett County.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$100 USD /SF

# OF UNITS

13

PRICE/UNIT

$76,538

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pooles Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RA-20M

APN/PARCEL ID

9575-34-4017

ASK ABOUT THIS PROPERTY

Richard Fox IIIGrant-Murray Real Estate LLCMore Info
910-988-4263

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Richard Fox IIIGrant-Murray Real Estate LLCMore Info
910-988-4263

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.