3823 Fire Department Rd
Williamston, NC 27892
Paradise Lane Mobile Home Park · Terrain À vendre · 6,90 AC

At a Glance
$7,825 Monthly Gross Income (post-June 2026 increases)
9 Total Lots
6.91 acres
100% Occupancy
All park-owned with titles & spec sheets available
Owner Financing Available with minimum 30% cash down
Property Overview
Paradise Lane Mobile Home Community is a well-established affordable housing community set on a generous 6.91-acre parcel in Williamston, NC. The expansive site provides ample spacing between lots and presents long-term optionality for infill development or additional structures. With 9 lots at 100% occupancy, the community serves a persistent and growing demand for quality affordable housing in Martin County, generating consistent, recession-resilient income.
Construction & Quality
Class 3 Wind Rating — 8 homes carry a Class 3 wind and climate rating, reflecting top-tier structural integrity and exterior appearance.
Level 1 — Highest Standard — 1 home meets Level 1, the highest standard in manufactured housing.
Full Fire Suppression — All 9 homes have fire suppression systems installed, reducing insurance risk and improving asset quality.
Park-Owned Homes — All homes are personal property owned by the park. Titles and spec sheets available for each unit.
4x4 Storage Unit for Each Unit — providing tenants with convenient, secure storage space and adding a practical amenity
Open-Air Storage Shed — Covered open-air storage shed with electrical service, a convenient facility for owner use.
Workshop — Dedicated workshop building with air conditioning and full electrical service, suitable for maintenance, operations, or potential income use.

Infrastructure
Water
Community well with pressure-stable water service, fully independent of municipal rates. Owner-controlled supply provides a built-in hedge against rising utility costs across North Carolina.
Sewer
Individual private septic system per lot. No shared leach field, no community lagoon, and no cross-lot liability.
Electric
Separately metered per unit. Tenants pay their own electric bills, fully insulating the owner from utility cost exposure.

Value-Add Investment Thesis
Immediate Income — $7,825/month gross income following rent increases across all units in June 2026.
Land Optionality — At 6.91 acres with only 9 lots, the low improvement-to-land ratio offers significant room to add lots or structures without acquiring new land.
Owner-Controlled Water — Independence from municipal pricing protects NOI against rising utility costs.
Recession-Resilient Cash Flow — Affordable workforce housing sustains persistent demand regardless of economic cycle.
Low Expense Structure — Minimal operating expenses, low taxes, and tenant leases requiring tenants to cover minimum repairs.
High CAP Rate Potential — Strong occupancy, low expenses, and below-market rents create meaningful upside.

Market & Location
Williamston is the county seat of Martin County, NC, with a population of approximately 5,000. The local economy is anchored by healthcare, manufacturing, and food service sectors that sustain steady demand for affordable workforce housing.
With a median household income near $40,000 and a poverty rate exceeding 30%, quality rental housing remains chronically undersupplied, directly supporting 100% occupancy at Paradise Lane.
The community sits along the US Highway 17 corridor with convenient connectivity to Washington, Greenville, and Rocky Mount.

Transaction Terms
Owner Financing — Seller will consider financing with a minimum of 30% cash down.
Title Documentation — All homes are park-owned personal property. Titles and spec sheets available upon request.
Tenant Leases — Lease agreements require tenants to pay minimum repairs, reducing ongoing owner expense.