For Sale
$850,000

1411 Seabrook School RdFayetteville, NC 28312

13-Unit Mobile Home Park, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 13-unit mobile home park situated on 10 acres in Fayetteville, North Carolina. The property boasts a strong current net operating income (NOI) of $67,070, projected to increase to $83,870 upon vacancy of an owner-occupied unit, resulting in a pro-forma cap rate of 9.87%. The park comprises 11 pads, with nine park-owned homes and two tenant-owned homes. Two additional rental houses provide further income potential. The property includes two storage buildings (40x40 Quonset Hut and 24x40 building) for equipment storage. Three water wells (new pumps installed in 2023) and a well-maintained septic system serve the park. The 5.10-acre portion is zoned R6A, allowing for up to eight mobile homes per acre, presenting significant expansion potential. The remaining 4.90 acres, zoned R30A, offers further expansion opportunities, potentially accommodating at least four additional mobile homes without rezoning. Located in a quiet East Fayetteville submarket, the park is conveniently situated one mile from NC Hwy 210 and five miles from I-95 (Exit 49 Cedar Creek Rd). The asking price is $850,000, with a price per unit of $65,384.62. This property offers a compelling combination of immediate income and substantial growth potential. The APN numbers are 0475351148 and 0475247939. The property address is 1411 Seabrook School Rd, Fayetteville, NC 28312.

Property Details for 1411 Seabrook School Rd

Property type
Residential income homes
Class
C
Lot Size (sq. ft)
435,600 SF
Units
13

Location Insight

City
Fayetteville
County
Cumberland
State
North Carolina
Latitude
35.0007454
Longitude
-78.7576939
1411 Seabrook School Rd, Fayetteville, North Carolina

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1411 Seabrook School Rd
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