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Ellerbe MHP 113 Henderson dr 14 Unit Mobile Home Park $551,388 CAD ($39,385 CAD/Unit) Ellerbe, NC 28338
INVESTMENT HIGHLIGHTS
- Upside Potential through Vacant Lots
- Efficient Utility Structure
- Affordable Housing Demand in a Growing Region
- Steady Income from Lot Rent Spaces
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Ellerbe MHP, a well-maintained manufactured home park located in Ellerbe, North Carolina. This property consists of 14 total pads, including 10 lot rent spaces, 1 park owned home, 2 vacant park owned homes, and 1 vacant lot. The park benefits from a direct-billing structure for electricity, with city-provided water and sewer. Ellerbe MHP is a solid investment offering both stable income from lot rent spaces and considerable upside potential through vacant lot development. With low operating costs, an efficient utility structure, and a growing market for affordable housing, this property presents an attractive opportunity for investors seeking both immediate returns and long-term value appreciation in a well-positioned North Carolina market.
Ellerbe is a small, rural town located in central North Carolina, within close proximity to larger regional markets such as Rockingham and Fayetteville. Known for its peaceful surroundings and affordability, Ellerbe has a stable local economy driven by agriculture, retail, and nearby industrial activity. As more people seek affordable housing options in suburban and rural markets, the demand for manufactured housing is rising. Additionally, Ellerbe’s proximity to the larger towns and cities in the region enhances its appeal to those looking for affordable living options with easy access to amenities and employment centers. As a result, Ellerbe MHP is well-positioned to benefit from the growing need for affordable housing in the area.
Ellerbe is a small, rural town located in central North Carolina, within close proximity to larger regional markets such as Rockingham and Fayetteville. Known for its peaceful surroundings and affordability, Ellerbe has a stable local economy driven by agriculture, retail, and nearby industrial activity. As more people seek affordable housing options in suburban and rural markets, the demand for manufactured housing is rising. Additionally, Ellerbe’s proximity to the larger towns and cities in the region enhances its appeal to those looking for affordable living options with easy access to amenities and employment centers. As a result, Ellerbe MHP is well-positioned to benefit from the growing need for affordable housing in the area.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $551,388 CAD | Building Class | C |
| Price Per Unit | $39,385 CAD | Lot Size | 1.84 AC |
| Sale Type | Investment | Building Size | 80,150 SF |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Manufactured Housing/Mobile Home | ||
| Zoning | R - Residential | ||
| Price | $551,388 CAD |
| Price Per Unit | $39,385 CAD |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 1.84 AC |
| Building Size | 80,150 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Zoning | R - Residential |
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PROPERTY TAXES
| Parcel Number | 747817-10-0996 | Improvements Assessment | $31,444 CAD |
| Land Assessment | $42,113 CAD | Total Assessment | $73,557 CAD |
PROPERTY TAXES
Parcel Number
747817-10-0996
Land Assessment
$42,113 CAD
Improvements Assessment
$31,444 CAD
Total Assessment
$73,557 CAD
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Ellerbe MHP | 113 Henderson dr
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