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1411 Seabrook School Rd Fayetteville, NC 28312

Sponsored
For Sale
$850,000

13-Unit Mobile Home Park, High NOI

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents a 13-unit mobile home park situated on 10 acres in Fayetteville, North Carolina. The property boasts a strong current net operating income (NOI) of $67,070, projected to increase to $83,870 upon vacancy of an owner-occupied unit, resulting in a pro-forma cap rate of 9.87%. The park comprises 11 pads, with nine park-owned homes and two tenant-owned homes. Two additional rental houses provide further income potential. The property includes two storage buildings (40x40 Quonset Hut and 24x40 building) for equipment storage. Three water wells (new pumps installed in 2023) and a well-maintained septic system serve the park. The 5.10-acre portion is zoned R6A, allowing for up to eight mobile homes per acre, presenting significant expansion potential. The remaining 4.90 acres, zoned R30A, offers further expansion opportunities, potentially accommodating at least four additional mobile homes without rezoning. Located in a quiet East Fayetteville submarket, the park is conveniently situated one mile from NC Hwy 210 and five miles from I-95 (Exit 49 Cedar Creek Rd). The asking price is $850,000, with a price per unit of $65,384.62. This property offers a compelling combination of immediate income and substantial growth potential. The APN numbers are 0475351148 and 0475247939. The property address is 1411 Seabrook School Rd, Fayetteville, NC 28312.

Property Features for 1411 Seabrook School Rd

General Information

Property type
Multifamily properties
Class
C
Lot Size
435,600 SF

Building Details

Units
13

Property Profile Location Intelligence

Current Use by Public Records

Residential income homes

Suggested Use

Realty agency Wholesale Shop HVAC Service Pet Store Butcher

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Fayetteville
County
Cumberland
State
North Carolina
Longitude
-78.7576939
Latitude
35.0007454

FAQs

What type of property is this?
Multifamily property - 13-Unit Mobile Home Park, High NOI
Where is this multifamily property located?
The property is located at 1411 Seabrook School Rd Fayetteville, NC.
What is the asking price?
The asking price for this property is $850,000.
More about this property
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