14.20 AC Mobile Home Park
102 Rural Lane : Stanley, NC 28164
Gaston County, North Carolina
Land Description
Stanley Mobile Home Park
Investment Highlights
34-Site manufactured home community positioned ±20 miles from Charlotte, NC (3 unusable lots)
Stable, income producing park with historically high occupancy and low operating expenses | Tenants pay utilities
Below market lot rents in comparison to other parks in the Charlotte Msa
Zoned R-20, Residential District
±33,688 individuals with an average household income of in 2021 (5-mile radius)
Offering Details
CBRE's Investment Group and are proud to present the opportunity to purchase Stanley Manufactured Home Park, a ±34-Pad community located in Stanley, North Carolina approximately 20 miles northwest of Charlotte.
Stanley MHC is an all-age community situated on ±14.2 acres at 102 Rural Lane, near N. Main Street. It is comprised of ±31 existing mobile home sites, with the ability to increase to ±34 pads (3 unusable lots). Currently ±97% occupied with an in-place NOI of the community has a very low historic delinquency. The Park owns one vacant home on the property. The Park is currently zoned R-20 and operates on well water and septic. There is a significant opportunity for a new owner to add value by raising rental rates to market averages and restoring three lots that are currently unusable.
The town of Stanley is located just outside of Charlotte in Gaston County, North Carolina. The Park is centrally located near Stanley's main retail corridor and is ±2.5 miles from Food Lion, Wendy's, Bojangles, O'Reilly Auto Parts and numerous other national retailers. As of 2021, the Property's demographics have ±33,688 individuals residing within a five-mile radius, with an average household income of .
Auctioneer:
Lamar P. Fisher
Fisher Auction Company Inc.
License: 7100
