The Esterson MHC Team of Marcus & Millichap, alongside Jonathan McClellan and Kyle Baskin, are delighted to introduce a unique opportunity to acquire four manufactured housing communities in close proximity to Lumberton, North Carolina, comprising a total of 287 sites. This portfolio is open for acquisition as a comprehensive package or as individual assets, ensuring flexibility for potential investors.
All communities benefit from public water services while relying on septic systems to ensure essential infrastructure stability. Notably, of the 160 homes within the park, with data available for the past year, an impressive 53%, equivalent to 84 units, were constructed in 2019 or later, reflecting a contemporary and appealing housing inventory.
Strategically positioned within a 70-mile radius of each other, these four communities offer operational and management efficiencies, making it an opportune investment for new investors looking to capitalize on these geographically strategic arrangements.
This opportunity represents a value-add proposition within manufactured housing communities, where the potential for enhancement and increased value is evident through strategic improvements, management optimization, and other value-creating initiatives. Savvy investors have the chance to capitalize on the growth and improvement potential within the manufactured housing sector through this well-positioned and thoughtfully curated investment opportunity.
We are asking investors to submit their best offers, as no pricing guidance will be given. Not all offers will be countered. All offers must include price, inspection timelines, appropriate terms, proof of funds, a list of due diligence required from owners, and relevant real estate experience.
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