Listing Agency: Mossy Oak Properties of Texas

Listed By: Waylon Grubbs · License #529725

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 12:56PM

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Investment Insights

Based on property information with market context.

Timberlake Estates MHC is a 134-space, all-age manufactured housing community located in La Grange, North Carolina. The community is served by municipal water, which is directly billed by the municipality to residents. Sewer is private and included in lot rent, and trash is provided by the city and included in rent.

The property includes a community office, along with a portfolio of 23 total homes comprising an office and storage building. Current occupancy includes 5 occupied rental homes, plus 10 LTO/TRP/loans and 8 inventory homes, with 5 inventory homes currently underwritten to be absorbed in Year 1.

Additional details regarding inventory status are available upon request.

Key Highlights

• Timberlake Estates MHC is a 134‑space, all‑age manufactured housing community in La Grange, North Carolina
• Municipal water is provided and directly billed to residents by the municipality
• Private sewer is included in lot rent; trash is provided by the city and included in rent

Property Analytics

Current Use

Timberlake Estates Mobile ... Campground & RV Park

Suggested Use

Top Pick Real Estate Agency Computer & Electronic Repair Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

8

Businesses Nearby

Explore this area Business Placement

Demographics for 28551, NC

13,215

Population

5,827

Households

2.3

Avg Household Size

41

Median Age

18%

College-Educated

87%

High-School Grad

132.7 sq mi

ZIP Area

100

Density / Sq Mi

$52,449

Median Household Income

$33,613

Median Earnings

$714

Median Rent

$119,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Mobile home & RV park - 134-space all-age manufactured housing community with municipal water and private sewer included in lot rent.

Where is this mobile home & rv park located?

The property is located at 3718 Maple Grove La Grange, NC.

What are key features of this property?

This property features: Timberlake Estates MHC is a 134‑space, all‑age manufactured housing community in La Grange, North Carolina; Municipal water is provided and directly billed to residents by the municipality; Private sewer is included in lot rent; trash is provided by the city and included in rent