2247 North Carolina 24
Property Description
Grant-Murray Real Estate is pleased to present Westside Mobile Home Park, a 23-pad manufactured housing community located on 16 acres in Cameron, North Carolina. Note, however, owner is in the process of subdividing out 6 acres, leaving 10 acres for the park. The community consists of twenty-three (23) total pads. The occupied pads include 13 tenant-owned homes (TOHs) and 10 park-owned homes (POHs) (4 single-wide homes and 6 double-wide homes). The ages of the home are 1990s and 2000s. The property is not located in a flood zone or opportunity zone. Current gross income is reported at $12,600 per month ($151,200 annually) with a T-12 NOI of $121,654 (6.76% cap rate). Current rents for the 13 TOHs ($300), are significantly below market rents of between $500-$600 for a park of this quality, providing an exceptional value-add opportunity. The park is serviced by septic systems and individually metered electric and public water service paid directly by tenants. Trash/dumpster service is paid for by owner. The park is currently serviced by one paved road and area lighting. Westside MHP’s use is grandfathered, which means that the existing homes can be replaced but there can be no expansion beyond twenty-three (23) pads. The park has its most recent county inspection March 19, 2026 and is in good standing. Westside MHP is located in the North Carolina Southeast Submarket .75 miles from the Spout Springs/NC Highway 87/24 interchange providing the tenants convenient access to nearby shopping and major roads in and around Harnett County. All offers should include purchase price, inspection period, funding source, and appropriate due diligence timelines.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,800,000 |
| No. of Units: | 23 |
| Lot Size: | 10.00 Acres |
| Opportunity Zone: | No |
| Price per unit: | $78,261 |
| Property Website | Click Here |
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