Ashboro MHP 3172 Ashboro St 19 Unit Mobile Home Park $650,000 ($34,211/Unit) 8.46% Cap Rate Fayetteville, NC 28306

The Esterson MHC Team is pleased to present Ashboro MHP - a 19-unit manufactured housing community centrally located in Fayetteville, NC
This stabilized investment opportunity features strong in-place income with upside potential through market rent growth and reactivation of vacant units.
The property benefits from proximity to major job centers, including Fort Liberty (formerly Fort Bragg), Cape Fear Valley Medical Center, and downtown Fayetteville. The region is supported by a strong tenant base of military families, healthcare workers, and workforce housing renters, making this an attractive submarket for yield-focused MHC investors.
The community includes 19 total lots, comprised of 13 tenant-owned homes (TOH), 1 rented parkowned home (POH), 2 rent-to-own homes (RTO), 2 vacant mobile home lots, and 1 abandoned home (expected to have title shortly). Average TOH lot rent is $404 per month, while the single POH rents for $695 per month. The 2 RTOs will transition to TOH within 6 months and are paying $445 lot rent. Vacant MH lots are underwritten at $500 per month, providing immediate upside as units are brought online.
The park operates on private well and septic systems which are in good working order and included in rent. Public utilities are available. Tenants are direct-billed for electric and cable. Trash is included in rent. Tenants are responsible for maintaining their own lawns while landlord is responsible for common areas. The park is located off of Ashboro Street, a public-paved road. The park is not in a flood zone or an opportunity zone.
With stable collections, below-market lot rents, and straightforward operations, Ashboro MHP represents a clean, low-maintenance investment in a growing market with long-term affordability drivers. The property is being offered at $650,000. All offers must include pricing, inspection period, funding source, and appropriate due diligence timelines.