Fully Occupied Manufactured Housing
For Sale
Contact for pricing
Pending
106 VALENCIA AVE, Goldsboro, NC 27534
15-unit manufactured housing community on 10.06 acres with paved private roads and 100% occupancy of rented park-owned homes.
Property SizeContact for details
Lot Size10.06 Acres
Days on Market83
Property Features for 106 VALENCIA AVE
General Information
Standard status
Pending
Class
C
Lot size
10.06 Acres
Property subtype
Multifamily, Land, Mobile Home Park
Occupancy
100%
Investment Type
Stabilized
Additional Details
Cap Rate
9.78%
Multifamily Units
15
Building Details
Stories
1
Units
15
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Charlotte Uptown
Listed By:
Glenn Esterson · License #GA 355850
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Jul 24 at 1:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Charlotte Uptown
Investment Insights
Based on property information with market context.
Sandstone MHP is a fully occupied manufactured housing community with 15 total units, all rented park-owned homes (POH). The community includes paved private roads and is situated on 10.06 acres. There are no TOH lots, no RTO contracts, and no vacant units, reflecting 100% occupancy.
The property includes a maintenance building lot at 102 Valencia Ave with electricity, and one on-site maintenance tenant at 106 Armstead Ave with reduced rent. Water service is public, with most tenants directly billed, while five homes share a water line where the landlord receives two bills and includes water in tenants’ rent. Sewer is private septic (1:1 ratio) and is paid by the landlord and included in rent. Trash is curbside with tenants responsible following a recent transition.
The landlord mows all lots and common areas, and no snow removal is provided. Streetlights are currently turned off but can be reactivated. Electric, gas/propane, and cable are tenant-paid via direct bill. The property is partially in a Flood Zone and is not in an Opportunity Zone.
The property includes a maintenance building lot at 102 Valencia Ave with electricity, and one on-site maintenance tenant at 106 Armstead Ave with reduced rent. Water service is public, with most tenants directly billed, while five homes share a water line where the landlord receives two bills and includes water in tenants’ rent. Sewer is private septic (1:1 ratio) and is paid by the landlord and included in rent. Trash is curbside with tenants responsible following a recent transition.
The landlord mows all lots and common areas, and no snow removal is provided. Streetlights are currently turned off but can be reactivated. Electric, gas/propane, and cable are tenant-paid via direct bill. The property is partially in a Flood Zone and is not in an Opportunity Zone.
Key Highlights
- 15‑unit manufactured housing community (all rented park‑owned homes) on 10.06 acres in Goldsboro, NC
- 100% occupied with no vacant units; all units are rented POH (no TOH lots)
- Paved private roads and public water; sewer is private septic with landlord paying (included in rent)
Property Analytics
Current Use
Lease Details
15
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 27534, NC
30,844
Population
15,158
Households
2
Avg Household Size
38
Median Age
29%
College-Educated
91%
High-School Grad
73.1 sq mi
ZIP Area
422
Density / Sq Mi
$59,950
Median Household Income
$39,686
Median Earnings
$1,106
Median Rent
$187,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - 15-unit manufactured housing community on 10.06 acres with paved private roads and 100% occupancy of rented park-owned homes.
Where is this mobile home & rv park located?
The property is located at 106 VALENCIA AVE Goldsboro, NC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 15‑unit manufactured housing community (all rented park‑owned homes) on 10.06 acres in Goldsboro, NC; 100% occupied with no vacant units; all units are rented POH (no TOH lots); Paved private roads and public water; sewer is private septic with landlord paying (included in rent)
