Fayetteville Portfolio 2 Multifamily Properties Offered at $33,000,000 in Multiple Locations

The Esterson MHC Team is pleased to present this 22 Park Portfolio, a 752-unit manufactured housing community portfolio centrally located around Fayetteville, NC. This offering represents a rare opportunity to acquire a geocentric, cash-flowing, value-add portfolio in a high-demand market with strong demographics and limited affordable housing supply.
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 portfolio includes 752 total units, comprised of 339 tenant owned homes (TOH), 28 rented park owned homes (POH), 147 rent to own homes (RTO), 4 rented apartments (APT), 2 rented single family homes (SFH), 103 vacant POH, 4 vacant APT, 1 vacant SFH, 1 vacant shop, 6 abandoned homes, and 117 vacant manufactured housing lots. The average lot rental is currently $462/month.
The parks are serviced by a mix of public and private utilities. 21 parks are on public water and 1 park is on a well. 9 parks are on public sewer and 13 are on septic systems. All parks with public water and sewer are direct billed or billed back to tenants. Trash at most parks is serviced by curbside bins, which historically were billed back to tenants, but the bill back is phasing out and most trash is included in rent now. Most of the roads are paved and maintained by the park, with some roads being gravel or dirt and privately maintained.
We are asking investors to submit offers on the full 22 park portfolio at $33,000,000. Alternatively it can be purchased as three separate portfolios. Portfolio One is parks #1-10 and is priced at $13,500,000. Portfolio Two is parks #11-17 and is priced at $14,000,000. Portfolio Three is parks #18-22 and is priced at $5,500,000. All offers must include pricing, inspection period, funding source, and appropriate due diligence timelines.