2247 NC-24 - Manufactured Housing/Mobile Housing FOR SALE


Cameron, NC 28326
$1,800,000 USD
910-988-4263
2247 NC-24, Cameron, NC for Sale
$1,800,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/5
null | 6.76% Cap Rate

2247 NC-24
Cameron, NC 28326


OVERVIEW

Grant-Murray Real Estate is pleased to present Westside Mobile Home Park, a 23-pad manufactured housing community located on 16 acres in Cameron, North Carolina. Note, however, owner is in the process of subdividing out 6 acres, leaving 10 acres for the park. The community consists of twenty-three (23) total pads. The occupied pads include 14 tenant-owned homes (TOHs) and 10 park-owned homes (POHs) (4 single-wide homes and 6 double-wide homes). The ages of the home are 1990s and 2000s. The property is not located in a flood zone or opportunity zone. Current gross income is reported at $12,600 per month ($151,200 annually) with a T-12 NOI of 121,654 (6.76% cap rate). Current rents for the 13 TOHs ($300) are significantly below market rents of between $500-$600 for a comparable park, providing an exceptional value-add opportunity. The park is serviced by septic systems and individually metered electric and public water service paid directly by tenants. Trash/dumpster service is paid for by owner. The park is currently serviced by one paved road and area lighting. Westside MHP’s use is grandfathered, which means that the existing homes can be replaced but there can be no expansion beyond twenty-three (23) pads. The park has its most recent county inspection on March 19, 2026 and is in good standing. Westside MHP is located in the North Carolina Southeast Submarket .75 miles from the Spout Springs/NC Highway 87/24 interchange providing the tenants convenient access to nearby shopping and major roads in and around Harnett County. All offers should include purchase price, inspection period, funding source, and appropriate due diligence timelines.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$122 USD /SF

# OF UNITS

23

PRICE/UNIT

$78,261

CAP RATE

6.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westside MHP - Exceptional Value-Add

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10 AC

LAND SF

435,600 SF

ZONING

RA-20M

APN/PARCEL ID

099575 0185 10

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 Notice.