Cleveland Mobile Home Park

5004 Lee Drive, Garner, NC 27529

Price: $5,400,000.00

Community Overview

MH Pro Group is pleased to exclusively offer the sale of Cleveland MHC, a well-located and spacious manufactured housing community positioned in the strong and growing Raleigh, North Carolina MSA. The property consists of 49 pads, 48 of which are currently occupied by tenant-owned homes, generating an average lot rent of $450 per month. The community benefits from a highly efficient operating structure with private well water and individual septic systems serving each pad. Cleveland MHC sits on an expansive 59.1-acre parcel, an uncommon attribute for a community of this size, providing significant land value and a low-density layout that enhances tenant appeal. The oversized lots offer residents large yards and a more private, residential feel compared to typical manufactured housing communities. Infrastructure throughout the property is well maintained, with paved asphalt roads in good condition and gravel off-street parking. Strategically located within close proximity to Raleigh, the property offers residents convenient access to one of the Southeast’s fastest-growing metropolitan areas, while still maintaining a quieter, suburban environment. The combination of strong occupancy, tenant-owned homes, large lot sizes, and substantial underlying land value positions Cleveland MHC as an attractive investment opportunity with both stable in-place income and long-term upside.

Community Details

Pad Count: 49

Occupancy: 98%

Tenant Owned Home Count: 48

Sewer: Private (Septic | 1:1)

Water: Private (Well)

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CONFIDENTIALITY AGREEMENT

THIS IS INTENDED TO BE A LEGALLY BINDING AGREEMENT.

The information contained on this website is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from MH Pro Group, LLC and distribution to any other person or entity without the express written consent of MH Pro Group, LLC is strictly prohibited. This website provides summary, unverified information to prospective purchasers, and has been prepared to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. MH Pro Group, LLC has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. MH Pro Group, LLC has not made any investigation, and makes no representation or warranty, that the information on this website has not changed since it was originally prepared and posted. The information contained on this website has been obtained from sources we believe to be reliable; however, MH Pro Group, LLC has not verified, and will not verify, any of the information contained herein, nor has MH Pro Group, LLC conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.