The Antoine Mobile Home Park consists of thirty-four (34) park owned homes (one is used as an office) located on 3.2 acres in the Spring Lake Submarket of Fayetteville. The owner has titles for all homes.
Park infrastructure consists of one paved road, security lighting, and a camera security system. The Antoine MHP is serviced by city water and sewer. All utilities are individually metered and paid for by tenants. Trash pickup is paid for by owner ($421 monthly).
Currently monthly gross operating income is $13,935 ($167,220 annual) with value-add opportunities by increasing rents and renting out the office trailer.
Antoine MHP is located off Odell Rd. in the Spring Lake submarket of Fayetteville just two (2) miles from the nearest ACP gate to Fort Bragg. As the world's largest military installation in terms of population, Fort Bragg houses 53,000 active military personnel and supports a combined nearly 265,000 military personnel, civilian employees, retirees, and family members. As such, the base provides an excellent tenant base. The park is also located 1.5 miles from numerous restaurants and the Skyland Shopping Center, the center of retail in Spring Lake.