Current Use by Public Records
- Mobile home & RV parks
Property Details for 67 Ervin Mcneill St
- Lot size
- 30.03 lot acres
- Property type
- Mobile home & RV parks
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bunnlevel
- County
- Harnett
- State
- North Carolina
- Longitude
- -78.8148
- Latitude
- 35.312
