101 Running Deer CirDudley, NC 28333

This exceptional value-add investment opportunity presents a 217-lot mobile home community situated on 102.29 acres in Dudley, North Carolina. Currently boasting 82% occupancy, the property offers significant upside potential through rent increases. The existing 52 rented park-owned homes (POHs) average $678 monthly rent, significantly below market rates, allowing for substantial rental growth. Further potential exists through increased occupancy of the 38 vacant, home-ready lots. Five brand new (2023) 16x76 rent-to-own (RTO) homes are included in the sale. The community benefits from a prime location one hour southeast of the Raleigh-Durham MSA, near Seymour Johnson Air Force Base, and within a rapidly growing area (4%+ Wayne County population growth). All lots are approximately half an acre and serviced by public water (tenant-paid), private sewer (included in rent), and curbside trash (landlord-paid). The property features paved private roads and is not located in a flood zone or opportunity zone. The asking price is $10,000,000, encompassing all park-owned homes and RTO notes. The current Net Operating Income (NOI) is $486,117, with a pro-forma NOI of $831,967, reflecting a 5.80% current cap rate and a pro-forma cap rate of 9.90%. Financing options are available. This property is a compelling investment for those seeking a cash-flowing asset with substantial upside potential in a thriving market. Interested parties should submit offers including price, timeline, escrow amount, and due diligence requirements.