Rockingham County MHP Portfolio 3 Multifamily Properties Offered at $3,445,350 CAD in Multiple Locations

The Rockingham County Portfolio is a 52-site portfolio consisting of three properties: Southern View Mobile Home Park, Dixie Land Mobile Home Park, and Hidden Acres Mobile Home Park. All three are all-age manufactured housing communities located in Rockingham County, with Southern View MHP situated in Stoneville and Dixie Land MHP, and Hidden Acres MHP located in Madison. The two Madison communities are ~15 minutes from the Stoneville property, forming a tightly clustered portfolio that supports efficient operations. The portfolio presents a compelling value-add opportunity driven by below-market rents, strong occupancy, and operational efficiencies.
The communities feature a total of 52 sites, including 25 mobile home sites at Southern View MHP, 18 mobile home sites at Dixie Land MHP, and 9 mobile home sites at Hidden Acres MHP, with only one vacant lot across the entire portfolio.
Please do not visit, drive through, call, or disturb the property or its residents without prior approval from the listing broker.?
The portfolio is currently operated by an offsite manager who oversees day-to-day operations and receives 10% of gross revenue. All three parks are serviced by city water and sewer, with electric, water, sewer, and trash directly billed to tenants. The ownership is responsible only for common area lighting across the communities.
Current site rent across the portfolio is $275 per month, with additional income generated through 19 seller-financed mobile home notes carrying interest rates between 10% and 12% and payoff terms ranging from 1 to 12 years. These mobile home notes provide an additional revenue stream, while the landlord’s only responsibility is paying property taxes on the mobile homes.
Recent capital improvements across the portfolio include road work and tree removal, contributing to improved infrastructure and curb appeal while reducing future maintenance requirements. Strategically located just north of Greensboro, both Stoneville and Madison benefit from proximity to a diverse and growing economic base. Major employers in the surrounding region include Toyota Motor North America, which is developing a multi-billion-dollar battery manufacturing facility nearby; Cone Health, a leading regional healthcare system; Volvo Group, with significant operations in the area; and Hanesbrands. Additional employment drivers include logistics, manufacturing, and distribution hubs throughout the Piedmont Triad region.
With strong occupancy, stable operations, and immediate upside through rent increases to market levels, this portfolio offers investors the opportunity to acquire a portfolio of three manufactured home communities within a 15-minute drive of each other in North Carolina.
Please do not visit, drive through, call, or disturb the property or its residents without prior approval from the listing broker.