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MHP/MHC

11 Cheryl Ln, Leicester, NC 28748, USA

$1,250,000

Leicester MHP

Property Description

Jennifer Stein Real Estate, Inc in conjunction with MHP Brokerage is pleased to bring the FG Communities at Leicester to market. This 24 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

  • 24 lots – All TOH

  • Well and Septic – No water testing required by the state

  • Revenues: $9,900 / Monthly, $118,800 / annually

  • Significant development potential

  • 7.12% Cap Rate

Listed By

Jody Murphy

Jody Murphy

Senior Investment Advisor, Self Storage

(949) 933-8465

(949) 333-0858

Contact Agent

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