Hidden Valley MHP

Statesville

$1,350,000

Total Lots

State

C41315

BOR Number

Active

Status

About This Property

MHP Brokerage is pleased to present Hidden Valley MHP, a 20-space manufactured housing community in Statesville, North Carolina, offered at $1,350,000 with 100% occupancy and a verified rent roll of $159,924 in annual gross scheduled income — split between 10 tenant-owned homes and 10 fully updated park-owned homes averaging $1,080/month. Situated on ±13 acres along the I-77 corridor between Charlotte and Winston-Salem, the community benefits from Iredell County's 18%+ population growth since 2010, frozen MHC supply, and durable workforce housing demand driven by manufacturing, healthcare, and Charlotte metro spillover.

The primary value-add thesis is straightforward: tenant-owned home lot rents average $255/month against a Statesville market approaching $325–$350, representing over $11,600 in additional annual gross income achievable through a phased rent escalation program with zero capital outlay. Buyers are encouraged to apply their own expense assumptions and management structure to underwrite returns. The OM and rent roll are available upon request.

Investment Highlights

100% Occupied — All 20 lots leased with a verified rent roll of $159,924 in annual gross scheduled income
Diversified Income Mix — 10 tenant-owned homes and 10 park-owned homes averaging $1,080/month
Below-Market Rents — TOH lot rents average $255/month against a market approaching $325–$350
Private Well & Individual Septic — 1:1 septic ratio; park-owned well serviced in 2025; Duke Energy direct
Supply-Constrained Market — MHC zoning in Iredell County is effectively frozen; no new competition
Charlotte Corridor — ±13 acres on I-77 between Charlotte (~40 mi) and Winston-Salem (~40 mi)
POH Conversion Opportunity — Long-term path to sell homes to tenants, converting gross rent to lot rent

Contact the listing broker for a full offering memorandum, financials, and due diligence package.

Listing Broker