2333 HOWARD ARNETT RD Lenoir NC 28645-7017

Marcus & Millichap is pleased to present Green Mountain MHC. Located in the beautiful Appalachian Mountains, Green Mountain MHC provides an investor the opportunity to continue to increase rental rates by 40% as well as expand the number of pads. Growth within the market is being supported by its’ proximity to Hickory, a diverse and growing economy just south of Lenoir.

Comprised of 26 pads that are all lot rent spaces, the asset also includes one stick-built home and an on-site apartment. There is a tremendous opportunity to develop the rest of this approved asset and take advantage of a growing market. The park is serviced by sub-metered city water and septic tanks. Development of this asset will allow for Northwest views of the mountain premier lots within the Hickory-Lenoir Markets.

• Consistent cashflow from Lot Rent homes with minimal maintenance and management

• Opportunity for development of up to 65 lots just outside of the desirable Appalachian Mountains

• Close proximity to Blowing Rock, Hickory and Lenoir Downtowns

• Asset elevation contours allow for large, desirable lots

The McDaniel Team of Marcus & Millichap is pleased to present Offering Memorandum for the Green Mountain MHC Development. Located in the beautiful Appalachian Mountains, Green Mountain MHC provides an investor the opportunity to increase rental rates by 25% as well as expand the number of pads to 65. Growth within the market is being supported by its proximity to Hickory, a diverse and growing economy just south of Lenoir.

Comprised of 17 pads that are all lot rent spaces, the asset also includes one stick-built home and an on-site apartment. There is a tremendous opportunity to develop the rest of this approved asset and take advantage of a growing market. The park is serviced by submetered city water and septic tanks. Development of this asset will allow for Northwest views of the mountains.

• Opportunity for development of 65 lots just outside of the desirable Appalachian Mountains
• Close proximity to Hickory and Lenoir Downtowns
• Asset elevation contours allow for large, desirable lots