Pines Mobile Home Park | 19 Bargin Ln
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Pines Mobile Home Park 19 Bargin Ln
28 Unit Mobile Home Park £1,049,838 (£37,494/Unit) Sanford, NC 27332
Executive Summary
The Pines Mobile Home Park (“Pine MHP”) consists of twenty-eight (28) pads located on 19.98 acres in the Harnett County-Sanford Submarket.
Five (5) pads are occupied by tenant owed homes (TOHs), eighteen (18) pads are occupied by park owed homes (POHs) (4 are vacant but can be rented), there are four (4) empty pads, and one pad is occupied by a single-family house. The occupied POHs are in good condition. The empty POHs can be rented but may need minor repair beforehand.
The park infrastructure consists of two paved streets with security lighting. The park is serviced by county water and septic tanks. Water and electricity are individually metered and paid for by tenants.
Pines MHP’s use is grandfathered in. This means that the existing homes can be replaced, but there cannot be any expansion for this use beyond twenty-eight (28) pads. The park has its most recent county inspection on September 6, 2024 and is in good standing.
The current rent roll supports a yearly gross income of $151,800, with excellent value-add opportunities by filling the four (4) vacant POHs and the four (4) empty pads.
Pines MHP is located in the Sanford Submarket .75 miles from NC Highway 87, providing tenants convenient access to nearby shopping and major roads in and around the Harnett County.
Five (5) pads are occupied by tenant owed homes (TOHs), eighteen (18) pads are occupied by park owed homes (POHs) (4 are vacant but can be rented), there are four (4) empty pads, and one pad is occupied by a single-family house. The occupied POHs are in good condition. The empty POHs can be rented but may need minor repair beforehand.
The park infrastructure consists of two paved streets with security lighting. The park is serviced by county water and septic tanks. Water and electricity are individually metered and paid for by tenants.
Pines MHP’s use is grandfathered in. This means that the existing homes can be replaced, but there cannot be any expansion for this use beyond twenty-eight (28) pads. The park has its most recent county inspection on September 6, 2024 and is in good standing.
The current rent roll supports a yearly gross income of $151,800, with excellent value-add opportunities by filling the four (4) vacant POHs and the four (4) empty pads.
Pines MHP is located in the Sanford Submarket .75 miles from NC Highway 87, providing tenants convenient access to nearby shopping and major roads in and around the Harnett County.
Property Facts Under Contract
| Price | £1,049,838 | Building Class | C |
| Price Per Unit | £37,494 | Lot Size | 19.98 AC |
| Sale Type | Investment | Building Size | 17,500 SF |
| No. Units | 28 | Number of Floors | 1 |
| Property Type | Residential | Year Built | 1980 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | £1,049,838 |
| Price Per Unit | £37,494 |
| Sale Type | Investment |
| No. Units | 28 |
| Property Type | Residential |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 19.98 AC |
| Building Size | 17,500 SF |
| Number of Floors | 1 |
| Year Built | 1980 |
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zoning
| Zoning Code | RA-20R |
| RA-20R |
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Pines Mobile Home Park | 19 Bargin Ln
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