Pine Ridge Estates

$1,950,000

138 Joyce Ct. Eden, NC 27288

Community Overview

MH Pro Group is pleased to exclusively offer the sale of Pine Ridge Estates, a 39-pad manufactured housing community located in Eden, North Carolina. Of the 39 pads, 21 are currently occupied by rent-to-own tenants, 17 by tenant owned homes, and 1 remaining park owned mobile home. Roads in the park are paved with asphalt in excellent condition, while off street parking is well maintained gravel capable of accommodating 2 cars per pad. Utilities in the park are serviced by private septic tanks (1:1) and public water which is billed back to the tenants. Given the combination of tenant owned and rent to own homes, new ownership with benefit from minimal management responsibilities and little/no CAPEX requirements upon takeover.

Community Details

Pad Count: 39
Occupancy: 100%
Park Owned Home Count: 1
Tenant Owned Home Count: 17
Rent to Own Home Count: 21
Sewer: Private (Septic)
Water: Public (Bill Back)

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