Onyx Mobile Home Park | 6 Occupied Homes + Approved Expansion | Lumberton, NC
Lumberton, NC
Asking price
$380,000
Sites
—
Cap rate
—
Price / site
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About this property
Onyx Mobile Home Park is a cash-flowing manufactured housing investment located in Lumberton, North Carolina, offering in-place income with significant infill upside. The property currently consists of 6 occupied homes, including 4 park-owned homes and 2 tenant-owned homes. Current monthly rental income is approximately $4,025, or $48,300 annually. Based on current ownership expenses, annual NOI is approximately $30,600. The property is approved for up to 17 units utilizing septic systems, providing the opportunity to add 11 additional homes to the existing community. The property also has the potential for up to 26 units with installation of an appropriate sewer facility. Buyers should independently verify all development approvals, utility requirements and expansion costs. Current lot rents range from $300 to $350 per month, with an average lot rent of approximately $342. The 4 park-owned homes currently generate approximately $3,375 per month in aggregate rent. Ownership believes market lot rent is approximately $400 per month, providing additional mark-to-market upside. The property is approximately 2.14 acres and is served by public water and septic systems. The site is partially cleared and partially wooded, offering an attractive combination of existing cash flow and future development potential. Financial information, rent roll, site plan and additional diligence materials are available to qualified buyers upon request.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $380,000 |
|---|---|
| Address | 661 Burns Road |
| First seen by UnitListed | Sep 15, 2026 |
| Source page last checked | Oct 31, 2026 |
| Source last changed | Oct 23, 2026 |
Before you call the broker
8 things are not disclosed on this listing. These are the questions that would close the gap — specific to a park, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Site count and hookup mix — not disclosed
How many sites are there, and how many are full-hookup, partial or tent?
Full-hookup sites earn a multiple of what a tent site does. The count alone does not tell you the income.
Operating season and seasonal mix — not disclosed
Is this year-round or seasonal, and what is the split between seasonal, monthly and transient guests?
A seasonal park with a five-month window is a different business from a year-round one at the same annual revenue.
Utility infrastructure — not disclosed
Are water, sewer and electric municipal or private, and what condition is the infrastructure in?
A private septic or well at end of life is a capital item that can exceed a year of NOI, and it will not appear in the expenses.
Permits and non-conforming use — not disclosed
Is the current site count permitted, and is any of it legal non-conforming?
A park operating more sites than it is permitted for cannot be financed at the income it shows.
Asking price — disclosed
Currency of the asking price — disclosed
Whether the land is included — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 15, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Oct 23, 2026Price reduced$399,000 → $380,000
- Oct 23, 2026Price reduced
- Sep 15, 2026First seen by UnitListed
