Lumberton Mobile Home Parks 3 Land Properties in Lumberton, NC
INVESTMENT HIGHLIGHTS
- Established mobile home parks featuring 203 pads with 41 park-owned homes and 46 lender-owned homes.
- Essential utilities, including water and sewage infrastructure, are in place at each site.
- Conveniently located near Interstate 74, providing seamless connections to surrounding markets and neighborhood amenities.
- Unique opportunity to own three mobile home parks on 41.26 acres in an easily accessible and central Lumberton location in the Interstate 95 corridor.
- Upside opportunity to bring in new homes for the vacant lots and fill the vacant homes, as well as bill back trash and water to tenants.
EXECUTIVE SUMMARY
Lumberton Mobile Home Parks (MHPS) Portfolio offers the opportunity to acquire a robust collection of mobile homes in an incredibly centralized North Carolina location. This expansive portfolio comprises Turner Park, Central Park 2, and Central Park 3, which features 203 pads and a total of 41.26 acres zoned for residential use. Turner Park has 169 pads and is situated on 38.29 acres. Central Park 2 has 23 pads and is situated on 8.88 acres. Central Park 3 has 11 pads and is situated on 2.38 acres. In total, there are 37 POH, 13 TOH, 23 TBD, 27 vacant lots, and 103 lender-owned homes. Turner Park is partially located in a flood zone. The roads are all paved.
Turner Park has municipal water and sewer, while Central Park 2 and Central Park 3 have municipal water and septic systems. Electricity is individually metered and paid for by tenants. Investors will benefit from a strategic location, low operating costs, and value-add opportunities. Each Lumberton MHPS site is easily accessible and located near Interstate 74, providing quick connections in and out of town.
Situated on the Lumber River in southeastern North Carolina, Lumberton is close to several major thoroughfares, pristine Atlantic Coast beaches, and the mountains of western North Carolina. Chief among Lumberton's many assets is its convenient location, natural beauty, and mild climate. Lumberton enjoys a strategic central East Coast location and is halfway between New York and Florida on Interstate 95, and the Interstate 74 corridor offers an east-west passage, complimented with excellent trucking rail, nearby major airports, and easy deep-water access. This quaint community offers residents and visitors a bevy of recreational activities, shopping options, and local events. The region is benefiting from major expansion at Fort Bragg. Opportunities in defense and homeland security industries have arisen from the BRAC 2005.
Site Selection Magazine ranked Lumberton as one of the nation’s top 10 micropolitan areas – small urban areas – because of its economic development activity. From consumer products and services to manufacturing and technology to warehousing and distribution, Robeson County’s dynamic economy is home to a diverse and growing array of businesses.
The Lumberton, North Carolina, MSA is experiencing recent population and economic growth and presents diverse employment opportunities. However, the increasing cost of living makes affordable housing more important than ever. In the Lumberton MSA, approximately 30% of renters are spending more than 30% of their income on housing. With the current trends in population growth, the need for affordable housing is only growing stronger. The City of Lumberton has recently developed a new industrial park that is expected to bring many new businesses and jobs to the area and distribution. Robeson County’s dynamic economy is home to a diverse and wide array of businesses.
We are asking investors to submit their best offers, as no pricing guidance is given. Not all offers will be countered. All offers must include price, amount of earnest money, inspection timelines, appropriate terms, proof of funds, a list of due diligence required from the receiver, a list of contingencies including committee approvals, and relevant real estate experience.
Turner Park has municipal water and sewer, while Central Park 2 and Central Park 3 have municipal water and septic systems. Electricity is individually metered and paid for by tenants. Investors will benefit from a strategic location, low operating costs, and value-add opportunities. Each Lumberton MHPS site is easily accessible and located near Interstate 74, providing quick connections in and out of town.
Situated on the Lumber River in southeastern North Carolina, Lumberton is close to several major thoroughfares, pristine Atlantic Coast beaches, and the mountains of western North Carolina. Chief among Lumberton's many assets is its convenient location, natural beauty, and mild climate. Lumberton enjoys a strategic central East Coast location and is halfway between New York and Florida on Interstate 95, and the Interstate 74 corridor offers an east-west passage, complimented with excellent trucking rail, nearby major airports, and easy deep-water access. This quaint community offers residents and visitors a bevy of recreational activities, shopping options, and local events. The region is benefiting from major expansion at Fort Bragg. Opportunities in defense and homeland security industries have arisen from the BRAC 2005.
Site Selection Magazine ranked Lumberton as one of the nation’s top 10 micropolitan areas – small urban areas – because of its economic development activity. From consumer products and services to manufacturing and technology to warehousing and distribution, Robeson County’s dynamic economy is home to a diverse and growing array of businesses.
The Lumberton, North Carolina, MSA is experiencing recent population and economic growth and presents diverse employment opportunities. However, the increasing cost of living makes affordable housing more important than ever. In the Lumberton MSA, approximately 30% of renters are spending more than 30% of their income on housing. With the current trends in population growth, the need for affordable housing is only growing stronger. The City of Lumberton has recently developed a new industrial park that is expected to bring many new businesses and jobs to the area and distribution. Robeson County’s dynamic economy is home to a diverse and wide array of businesses.
We are asking investors to submit their best offers, as no pricing guidance is given. Not all offers will be countered. All offers must include price, amount of earnest money, inspection timelines, appropriate terms, proof of funds, a list of due diligence required from the receiver, a list of contingencies including committee approvals, and relevant real estate experience.
SALE FLYER
PROPERTY FACTS
| Sale Condition | Distress Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Land Area | 41.26 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | INDIVIDUAL PRICE |
|---|---|---|---|
|
Central Park 2
4344 Alamac Rd, Lumberton, NC 28358 |
Land | 8.88 AC | - |
|
Central Park 3
65 Pebble Dr, Lumberton, NC 28358 |
Land | 2.38 AC | - |
|
Turner Mobile Home Park
136-300 Pearl St, Lumberton, NC 28358 |
Land | 30.00 AC | - |
SALE ADVISORS
SALE ADVISORS
Vince Howard, Broker
(336) 202-6314
Contact
Vince Howard is a licensed real estate broker and REALTOR. Vince joined Brown Investment Properties in 2005. He has over 16 years of real estate experience as a commercial real estate broker.
Vince is a graduate of UNC Chapel Hill where he received his B.A. and a post graduate of Wake Forest University where he received his MBA.
He is a member of the National Association of REALTORS, the North Carolina Association of REALTORS, the Greensboro Regional REALTORS Association and the REALTORS Commercial Alliance (GRRA-RCA). Vince is also on the Board of the Bryan YMCA.
Prior to joining Brown, he was employed by a regional REIT (Real Estate Invesment Trust) in the acquisitions/dispositions and analysis department for new office and industrial properties. Vince was involved in the disposition of over 1 billion dollars of their real estate assets over a 5-year period.
Vince is a graduate of UNC Chapel Hill where he received his B.A. and a post graduate of Wake Forest University where he received his MBA.
He is a member of the National Association of REALTORS, the North Carolina Association of REALTORS, the Greensboro Regional REALTORS Association and the REALTORS Commercial Alliance (GRRA-RCA). Vince is also on the Board of the Bryan YMCA.
Prior to joining Brown, he was employed by a regional REIT (Real Estate Invesment Trust) in the acquisitions/dispositions and analysis department for new office and industrial properties. Vince was involved in the disposition of over 1 billion dollars of their real estate assets over a 5-year period.
Bill Strickland,CCIM,MBA, Broker
(336) 340-6780
Contact
Bill joined Brown Investment Properties in 2005. Bill lives by the Golden Rule and practices commercial brokerage with this same attitude. Bill is particularly familiar with the medical and dental office market and he has helped many medical and dental clients with their commercial real estate needs. Bill works in all types of commercial real estate. He works with tenants, landlords, buyers, sellers and investors, so he can help regardless of your specific need. Call him if you are considering expanding, downsizing, relocating or if you would like to discuss your current lease or purchase situation. He can help you save money!
Bill is a member of the Greensboro Regional REALTORS (R) Association, the North Carolina Association of Realtors (R) and the National Association of REALTORS (R). He is also a CCIM (Certified Commercial Investment Member) Designee. A CCIM is a recognized expert in commercial and investment real estate. The CCIM designation is earned after successfully completing a designation process that ensures proficiency not only in theory, but also in practice.
Bill is a member of the Greensboro Regional REALTORS (R) Association, the North Carolina Association of Realtors (R) and the National Association of REALTORS (R). He is also a CCIM (Certified Commercial Investment Member) Designee. A CCIM is a recognized expert in commercial and investment real estate. The CCIM designation is earned after successfully completing a designation process that ensures proficiency not only in theory, but also in practice.
