145 Eunice Lane

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Address: 145 Eunice Ln, Cameron, NC 28326, USA
Created date: February 3, 2025
Date last updated: February 4, 2025

Property Description

Pooles Mobile Home Park (“Pooles MHP”) consists of thirteen (13) pads located on 3.77 acres in the North Carolina Southeast Submarket. Twelve (12) pads are occupied by parked owned homes (POHs) and there is one (1) vacant pad. Two of the POHs are being operated as Airbnb with great success. However, the current Airbnb homes could be rented by a new owner with conservative estimated rents of $1,000 each. The park infrastructure consists of two streets with security lighting. The park is serviced by well water and septic tanks. Water and electricity are individually metered and paid for by tenants. The current rent roll for the ten (10) regular POHs supports a yearly gross income of $93,000. Assuming renting out the two current Airbnbs, infilling the vacant pad, and thirty percent (30%) expense ratio, net operating income is projected at $90,300 (9.1% cap rate). Pooles MHP’s use is grandfathered in. This means that the existing homes can be replaced, but there can be no expansion beyond thirteen (13) pads. In January 2025, Poole MHP had its most recent Harnett County inspection and is in good standing. Pooles MHP is located in the North Carolina Southeast Submarket 1.5 miles from the Spout Springs/NC Highway 87/Hwy 24 interchange providing tenants convenient access to nearby shopping and major roads in and around the Harnett County.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: MHC & RV Community
Price: $995,000
No. of Units: 13
Lot Size: 3.77 Sq ft
Opportunity Zone: No
Price per unit: $76,538
Property Website Click Here
Address: 145 Eunice Lane, Cameron, NC 28326, USA
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