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Active
MHP/MHC
604 Quick Silver Circle, Durham, NC, USA
$1,300,000
Durham MHP
Property Description
Jennifer Stein Real Estate, Inc in conjunction with MHP Brokerage is pleased to bring the FG Communities at Durham to market. This 18 lot manufactured housing community presents an extremely attractive opportunity to acquire an asset with significant value add potential in a quickly growing market. The below-market rates provide an opportunity for buyers to increase rates, ensuring a quick return on investment The strong and growing demand in the region gives potential buyers confidence this investment will produce strong and consistent NOI.
Investment Highlights
18 lots–15 TOH and 3LPO
Well and Septic – No water testing required by the state
Revenues: $9,770 / Monthly, $117,240 / annually
Significant development potential
7.2% Cap Rate
There is potential to add five additional lots with the installation of an extra well. The additional five pads are ready to go with utility hookups.
Listed By
Jody Murphy
Senior Investment Advisor, Self Storage
(949) 933-8465
(949) 333-0858
