Remarks

Riverside Mobile Home Park adjacent to the Cape Fear River. 2.5 miles from I-95 Business, 19.6 acres.
29 pads total;
11 TOH (Tenant-Owned Homes)
18 POH (Park-Owned Homes) - 1 used for storage, could be converted to rental.
~11 acres vacant land leading to the river.
TOH typically means low maintenance for the park owner (tenants handle their own homes).
POH offers more control over rent but higher maintenance responsibilities - room to optimize or sell off POHs over time.
Extra unit used for storage could be refurbished and rented = quick win.
Approximately vacant 11 acres = potential for recreational use, storage income, or long-term value growth.
Current zoning: SF6 (Single-Family Residential), check for future development possibilities.
M101 MH zoning grandfathered for the existing 29 pads only.
You can replace homes but cannot add more pads.
Future buyers will want to confirm with zoning/planning on what the vacant land can be used for (e.g., green space, RV use, etc.).
Close to downtown Fayetteville,
Near groceries, major highways, and urban amenities
Riverside frontage - adds to appeal and long-term land value.
Owner pays sewer and water, electrical paid by tenants. Sewer & Water approximately $18000 year.

Details

MLS#: 100502288
Price: $1,050,000

Sq Ft: 0
Year Built: 1987

County: Cumberland
Subdivision: Not In Subdivision
Lot Size: approx 585 x 1565 x 550 x 1570