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Cedar Downs/Jordan MHPs 24 Tenant Owned Homes 2225 Chalybeate Springs Dr 24 Unit Mobile Home Park $1,620,000 ($67,500/Unit) 4.10% Cap Rate Fuquay Varina, NC 27526
Executive Summary
Cedar Downs/Jordan Mobile Home Park consists of 24 tenant owned homes (TOHs) located on 9.44 acres in the Harnett County Submarket of North Carolina. The park has its most recent biannual county inspection on or about September 2025 and is in good standing.
Park infrastructure consists of paved roads and security lighting. The park is serviced by county water and septic tanks (1 to 1 ratio). All utilities are individually metered and paid for by tenants. Trash pickup is paid for by owner.
Current monthly gross operating income is $9,000 ($375 lot rent; $108,000 annual) with a substantial value-add opportunity by increasing rents to market level ($400-$600 lot rent estimate). In 2025, net operating income was $66,479 ($325 lot rent in 2025). The proforma NOI, using $500 lot rent, is $114,610 (7.07% cap rate).
Cedar Downs/Jordan MHP is centrally located in North Carolina in the Fuquay Varina Submarket within 35 miles of Fayetteville and 25 miles of Raleigh.
Park infrastructure consists of paved roads and security lighting. The park is serviced by county water and septic tanks (1 to 1 ratio). All utilities are individually metered and paid for by tenants. Trash pickup is paid for by owner.
Current monthly gross operating income is $9,000 ($375 lot rent; $108,000 annual) with a substantial value-add opportunity by increasing rents to market level ($400-$600 lot rent estimate). In 2025, net operating income was $66,479 ($325 lot rent in 2025). The proforma NOI, using $500 lot rent, is $114,610 (7.07% cap rate).
Cedar Downs/Jordan MHP is centrally located in North Carolina in the Fuquay Varina Submarket within 35 miles of Fayetteville and 25 miles of Raleigh.
Property Facts Under Contract
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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Cedar Downs/Jordan MHPs 24 Tenant Owned Homes | 2225 Chalybeate Springs Dr
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