Ellerbe MHP

Marcus & Millichap is pleased to present Ellerbe MHP, a well-maintained manufactured home park located on Lincoln Ave in Ellerbe, North Carolina.​ This property consists of 15 total pads, including 10 lot rent spaces and 5 vacant lots.​ The park benefits from a direct-billing structure for electricity, with city-provided water and sewer.​ Ellerbe MHP is a solid investment offering both stable income from lot rent spaces and considerable upside potential through vacant lot development.​ With low operating costs, an efficient utility structure, and a growing market for affordable housing, this property presents an attractive opportunity for investors seeking both immediate returns and long-term value appreciation in a well-positioned North Carolina market.​

Ellerbe is a small, rural town located in central North Carolina, within close proximity to larger regional markets such as Rockingham and Fayetteville.​ Known for its peaceful surroundings and affordability, Ellerbe has a stable local economy driven by agriculture, retail, and nearby industrial activity.​ As more people seek affordable housing options in suburban and rural markets, the demand for manufactured housing is rising.​ Additionally, Ellerbe’s proximity to the larger towns and cities in the region enhances its appeal to those looking for affordable living options with easy access to amenities and employment centers.​ As a result, Ellerbe MHP is well-positioned to benefit from the growing need for affordable housing in the area.​

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  Upside Potential through Vacant Lots: The vacant pads can be developed with new homes or filled with Vendor-Purchased-Owned Homes (VPOH), increasing occupancy and enhancing rental income.

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  Affordable Housing Demand in a Growing Region

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  Efficient Utility Structure

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  Steady Income from Lot Rent Spaces: Lot rents are typically stable and offer the advantage of lower turnover and higher tenant retention rates compared to other rental models. This creates a predictable cash flow and minimizes vacancy risk, making it an attractive option for long-term investors seeking steady returns.