Eastern Carolina Mhp & RV
Eastern Carolina MHP & RV consists of a total of 39 units located in North Carolina. NC is currently one of the fastest growing states in the country. Furthermore, the demand for affordable housing remains a challenge for many cities in the state.
Currently there are 19 RV pads and 20 Mobile home spaces located on over 7 acres of land. Current cash flow remains far and above debt service, providing a high cash on cash return. According to local zoning and planning laws, each mobile home pad can be transitioned to 2 RV lots.
We are currently increasing the property's Net Operating Income by increasing rents and lot density. The end result will yield approximately 100% increase in the property's value over the next five years. This asset is currently under professional management directed by our team of asset managers.