Property profile

67 Ervin Mcneill St Bunnlevel, NC 28323

OFF-MARKET
Mobile home & RV parks
30.03 ac lot
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Property summary

AI-generated overview

This well-established Bunnlevel, NC mobile home park offers a compelling investment opportunity with a 7.22% cap rate and a strong NOI of $67,744. The property encompasses 30.03 acres and features 32 pads, including 22 lot rent spaces, 3 rent-to-own homes, 5 vacant lots, and 2 vendor-purchased-owned homes. The park benefits from low operating costs, with electricity billed directly to tenants and city-provided water and sewer services. This translates to consistent cash flow and significant upside potential through the development of vacant lots or the addition of more vendor-purchased-owned homes. Located in Harnett County, near major cities like Fayetteville and Raleigh, and in close proximity to Fort Bragg, this property benefits from a strategic location within a growing market experiencing increasing demand for affordable housing. The high lot rent composition contributes to low tenant turnover and consistent rental income, further enhancing the investment's stability and long-term growth prospects. The asking price is $950,000. This property presents a rare opportunity to acquire a well-managed, income-producing asset with substantial growth potential in a desirable North Carolina location.

Property profile

Verified
Property type Mobile home & RV parks
Lot 30.03 ac (1,308,107 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

67 Ervin Mcneill St Bunnlevel, NC 28323
Bunnlevel metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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