5602 Hardwick Ln - Manufactured Housing/Mobile Housing FOR SALE


Fayetteville, NC 28306- South View
$1,400,000 USD
423-483-0492
5602 Hardwick Ln, Fayetteville, NC for Sale
$1,400,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/26
null | 8.02% Cap Rate

5602 Hardwick Ln
Fayetteville, NC 28306
South View


HIGHLIGHTS

  • Public Water & Sewer Billed Directly To Tenants
  • 95% Occupancy
  • Stabilized With Upside Through Achieving Market Rates and Infill

OVERVIEW

The Esterson MHC Team is pleased to present Hardwick MHP, a 21-unit manufactured housing community located in Fayetteville, NC, the growing Cumberland County submarket of North Carolina. This stabilized with upside investment opportunity features 20 income-producing homes and 1 vacant lot. The property benefits from proximity to major job centers, including Fort Liberty (formerly Fort Bragg), Cape Fear Valley Medical Center, and downtown Fayetteville. The region is supported by a strong tenant base of military families, healthcare workers, and workforce housing renters, making this an attractive submarket for yield-focused MHC investors. The community includes 21 total lots, comprised of 16 rented park-owned homes (POH),4 tenant-owned homes (TOH), and 1 vacant manufactured housing lot. The average lot rental rate per month is $465/month and the POH rent averages $355 above lot rent. The park owned homes are an average age of 1998 and in average condition. The park operates on public water, sewer, and electric, with tenants direct-billed, significantly lowering operating expenses and simplifying collections. Trash is serviced by curbside bins that are paid for by the park and included in rent. The road is paved and privately maintained and in average shape. The park is NOT in a flood zone or an opportunity zone. With strong occupancy, public utilities, and strong in-place collections, the community provides a turnkey, clean acquisition with immediate yield and value-add potential. We are asking investors to submit offers at $1,400,000. All offers must include pricing, inspection period, funding source, and appropriate due diligence timelines.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$1,273 USD /SF

# OF UNITS

21

PRICE/UNIT

$66,667

CAP RATE

8.02%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hardwick MHP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

PARKING SPACES

33

LAND DETAILS

LAND ACRES

3.08 AC

LAND SF

134,322 SF

ZONING

R6A

APN/PARCEL ID

0405-82-7881

ASK ABOUT THIS PROPERTY

Glenn EstersonMarcus & MillichapMore Info
423-483-0492

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

Glenn EstersonMarcus & MillichapMore Info
423-483-0492

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