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A 97 Lot Manufactured Home Community Investment Opportunity
1028 Roberts LaneWilliamston NC 27892
Treeside MHC
P 02wwwmarcusmilichapcom Treeside MHC
WE COOPERATE WITH BROKERS Disclaimer Notice
Non-Endorsement
Marcus amp Millichap is not affiliated with sponsored by or endorsed by
any commercial tenant or lessee identified in this marketing package The
presence of any corporationrsquos logo or name is not intended to indicate or
imply affiliation with or sponsorship or endorsement by said occupation
of Marcus amp Millichap its affiliates or subsidiaries and any agent
product service or commercial listing of Marcus amp Millichap and is solely
intended for the purpose of providing tenant lease information about this
listing to prospective customers ALL PROPERTY SHOWINGS ARE BY
APPOINTMENT ONLY PLEASE CONSULT YOUR MARCUS amp MILLICHAP
AGENT FOR MORE DETAILS Marcus amp Millichap Offices throughout the
US and Canada wwwmarcusampmillichapcom
Guidelines
The offering is being distributed exclusively by Marcus amp Millichap REIS to the investment community Following the initial
bids the owner will select an investor to purchase the property or request from a group of investors to submit a best and final
offer from which one will be selected The selection will be based on a variety of factors including purchase price contract
terms financial strength ability to close timing and experience in closing similar transactions
All offers must be presented in writing and include
bull Pricebull Source of capitalbull Proof of fundsbull Relevant experiencebull Proposed schedule of due diligence and closingbull Amount of earnest moneybull List of contingencies including committee approvals possible 1031 exchanges etc
All interested investors are encouraged to schedule a property tour to visit the community and the surrounding market with an
approved representative to fully appreciate its market position quality and strong fundamentals
The information contained in this marketing brochure is proprietary and
strictly confidential It is intended to be reviewed by the party receiving
it from Marcus amp Millichap This marketing brochure has been prepared
to provide summarized unverified information to prospective purchasers
and to establish only a preliminary level of interest in the subject property
The information contained herein is not a substitute for a thorough
due diligence investigation Marcus amp Millichap has not made any
investigation and makes no warranty or representation with respect to
the income or expenses for the subject property the future projected
financial performance of the property the size and square footage of the
property and improvements the presence or absence of contaminating
substances PCBs or asbestos the compliance with state and Federal
regulations the physical condition of the improvements thereon or the
financial condition or business prospects of any tenant or any tenantrsquos
plans or intentions to continue its occupancy of the subject property
The information contained in this marketing brochure has been obtained
from sources we believe to be reliable however Marcus amp Millichap has
not verified and will not verify any of the information contained herein
nor has Marcus amp Millichap conducted any investigation regarding these
matters and makes no warranty or representation what so ever regarding
the accuracy or completeness of the information provided All potential
buyers must take appropriate measures to verify all of the information set
forth herein Marcus amp Millichap is a service mark of Marcus amp Millichap
Investment Services Inc 2018Marcus amp Millichap All rights reserved
Note to the reader you will find links throughout the OM pages containing important information we advise that you click on these links to learn more
Table of Contents
IndexOffering Made Easy
Property Description
Rental Units and Investment Summary
Property Expenses
Local Market Information
Parcel Outline
Property Photos
Sales Agent Team Leader and Admin
03
03
04
05
05
06
06
07
WELCOME
P 03wwwmarcusmilichapcom Treeside MHC
STEP 1
Schedule a callwith your Agent(720) MHP-4YOU
STEP 2
Property Description
This park is a heavy value-add with a major infill component
The vacant lots have infrastructure in place (city water individual
septicrsquos for each lot and direct billed public electric) and are
ready for homes
The park has 97 lots with 18 lot rent only tenants paying a lot
rental rate of $170 per month Lot rent is below the market rate
of $230-$275 There are 79 vacant lots and current occupancy
is 19
Treeside Mobile Home Community is a year-round all-ages
community and has city water that is billed back to directly to
the tenants The community uses a 11 septic system with the
exception of 6 lots and the landlord is responsible for all septic
repairs and maintenance There are 0 park owned homes The
privately maintained roads are gravel and in good condition The
park is NOT in a flood zone
The park is being offered as a heavy value-add investment with
significant infill opportunity and below market lot rents We are
seeking cash offers as financing will not likely be available for
the exception of hard money
Located 5 minutes outside of downtown Williamston NC this park sits 35 minutes from Greenville NC and 2 hours from Virginia Beach VA
bull Well Maintained Value-Add Park
bull Pro-Forma Caprate 219
bull Major Infill Opportunity
bull Market Lot Rent $225-$250
bull Public Water on Bill Back
bull Plug amp play lots (minimal improvement needed to bring
online)
bull Mostly Vacant (but well maintained) MHP
bull 11 Septic (no known issues)
Investment Highlights
Known Issues
Property Location
Propery Address 1028 Roberts LnWilliamston NC 27892
County Martin County
Metro Area No MSA
Parcel Number(s) Number amp LinkNumber amp Link
Site Description
Purchase Price $399000
Total Rental Units 97
Mobile Home Lots 97
CommercialRetail 0
Total Land Area 37
Year Built 1996
Zoning 0
Flood Zone No
Opportunity Zone No
Mechanical
Water Public-Tenants Pay (Submeters)
Sewer Septic
Electrical Public - Direct Billed
Gas Not Applicable
Trash Landlord
Cable Direct Bill
Landscape Landlord
Snow Removal NA
Property Overview
STEP 3Highlights amp Known Issues
1 Watch short video fromlisting broker about thisopportunityCLICK HERE
2 View brokerrsquos excel sheetCLICK HERE
Make an offer (use our template or use your own)
1 Letter of IntentCLICK HERE
2 State RequiredDisclosuresCLICK HERE
Send offers toYour Local MampM Agent
Rental Units amp Investment Summary
Local Mobile Home Park Rents
P 04wwwmarcusmilichapcom Treeside MHC
Unit Breakdown
Total Rental Units 97 Pro Forma
Total Tenants 18 63
Total Mobile Home Lots 97 97
Total RV Lots 0 0 0
Tenant Owned Homes 18 63
Abandoned Homes 0 0
Vacant Lots 79 34
Rent to Own POHs 0 0
Rented POHs 0 0
Vacant POHs 0 0
Average Lot Rent $172 $210
Average RTO Payment $0 $0
Average POH Rent $0 $0
Total Commercial Retail Units 0 0
Commercial Retail - Occupied 0 0
Commercial Retail - Vacant 0 0
Avg Commercial Retail Rent $0 $0
Rent Comps Lot Rent POH Rent Utility Info
Treeside MHP $172 $0 Billed Back Water 11 Septic
Kingswood MHP $265 $290-$420 Public- Direct Billed
Pierce Mobile Estates $500 Public- Direct Billed
Rivercreek MHP $300 Public- Direct Billed
Elks MHP $375-$475 Water Included in Rent
Birchwood Sands $200 Direct billed Water Septic
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
Based on recent sales and evaluations of numerous parks within 1 hour of Tressdie MHC we have
determeind that market occupancy average 65 Well preforming parks are about 80 occupied The
market lot rent for the region ranges from $150-$300 and averages around $225
Comments
Click on the folloring links for additional property information
Other MaterialsParcel Map2017-19 PL Nov-19 Rent Roll
Capitalized Revenues amp Investment Summary
Actuals Normalized Pro Forma
Total Gross Income $53072 $196853
Lot Revenue $38262 $158760
RV Revenue $0 $0
Single Family Home amp Apartment Revenue $0 $0
CommercialRetail Revenue $0 $0
Self Storage Revenue $0 $0
Other Income $14281 $41268
Capitalized Income $52543 $196853
Capitalized Expenses $42680 $109394
Net Operating Income (excludes POH income) $9863 $87459
Park Owned Home Revenues - Not Capitalized
Total Uncapitalized Gross Income $53071 $196853
Total POH Revenue $000 $000
POH amp RTO Expenses $000 $000
POH RTO Net Income $000 $000
Per POH Value NA NA
Total POH Value NA NA
Investment Metric Table
Lot Rent Cap Rate NA 2192
Gross Cap Rate (includes POH IampE) NA NA
Cash On Cash Levered NA NA
Total Return NA NA
Price Per Lot $4113 $4113
Price Per Occupied Lot $22167 $22167
P 05wwwmarcusmilichapcom Treeside MHC
Property ExpensesActuals Normalized Actuals Pro Forma
Total Revenue $52543 $50619 $196853
Local MarketInformationWilliamston (pop 5522) is located in rural northeastern North Carolina on the banks
of the Roanoke River The early settlement prospered since Williamston incorporated
in 1779 was located on a navigable river and ultimately became the seat of county
government As time passed Williamston became a hub of commercial activity in
northeastern North Carolina
Williamston is the first city in North Carolina to be certified as an Audubon Sustainable
Community The Audubon Sustainable Community program is founded in the three
pillars of sustainability - a healthy local environment quality of life for citizens and
economic vitality You will find on your visit here Williamston has a friendly welcoming
spirit filled with southern charm and an ldquoeasy livingrdquo attitude
Local Market Statistics
Williamston Martin County No MSA
Population 5398 23227
Medium Home Price $94800 $94469
Average Apartment Rent $679 $679
Family Median Income $30799 $36132
Unemployment Rate 500 500
Expense Category Note On Expense Item
Actuals Pro Forma
Property Taxes Estimated at 15 of Real Estate Value Allocation $5117 $5985
Property Insurance $50 per lot per year pro forma $291 $4850
Repairs amp Maintenance $150 maint per lot in Pro Forma $2440 $14550
Mowing amp Landscaping Adjusted to $500 per month common and vacant lots only $10163 $6132
Public Water Currently being charged base of 35 tenants pro forma models 92 $17665 $46433
Private Sewer Expenses Broker Estimate $400 $1533
Trash Normalized Equals Sellers Disclosure 22 Pro Forma Increase $4128 $4219
Electricity Normalized Equals Sellers Disclosure 4 Pro Forma Increase $2176 $2263
Employee Salaries $18000 per year salary $300 $18000
Payroll Taxes amp Expenses 10 of Total Payroll $0 $1800
Office Supplies amp Expenses Broker Estimate $0 $818
Legal Fees Broker Estimate $0 $1533
Accounting Fees Broker Estimate $0 $767
Advertising Broker Estimate $0 $511
Total Expense $42680 $109394
Expense Ratio 8123 5557
Net Operating Income (Excluding POH Income) $9863 $87459
Capitalization Rate (lot rent only) NA 2192
Cash Flow $9863 $87459
Other MaterialsParcel Map2017-19 PL Nov-19 Rent Roll
P 06wwwmarcusmilichapcom Treeside MHC
Property Photos Click here for additional property photos
Additional Documents
Due Dilience Vault CLICK HERE
Brokers Excel Sheet CLICK HERE
Brokers Summary Video CLICK HERE
Letter of Intent CLICK HERE
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
P 06wwwmarcusmilichapcom Treeside MHC
Property Photos Click here for additional property photos
Additional Documents
Due Dilience Vault CLICK HERE
Brokers Excel Sheet CLICK HERE
Brokers Summary Video CLICK HERE
Letter of Intent CLICK HERE
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
P 15wwwmarcusmilichapcom Werner Hancock MHP
Brokerage Team
In the 18 years Glenn has been in commercial real estate He has
successfully transacted more than 235 properties for his clients In
2018 alone Glenn sold 36 mobile home communities as a solo broker
In addition to his work as a broker Glenn has owned and operated
mobile home parks run a number of small businesses and owned
other commercial real estate assets
Glenn joined Marcus amp Millichap in 2019 with the vision of assisting
buyers and sellers Nation wide with their manufactured housing
transaction needs His team is quickly gaining a reputation as one of
the top brokerage teams in the industry
Glenn is married to his lovely wife Cassidy and has three children
Glenn resides in Wilmington NC
TEAM LEADER
Glenn D Esterson
(720) MHP-4YOU
ESTERSON MANUFACTURED HOUSING TEAM
GlennEstersonmarcusmillichapcom
wwwestersonmanufacturedhousingteamcom
Marcus amp Millichap Denver CO
Phone (720) 419-4319
BrandonPearsonmarcusmillichapcom
Marcus amp Millichap Charlotte NC
Phone (423) 483-0492
GlennEstersonmarcusmillichapcom
TEAM AGENT SENIOR BROKER
Brandon Pearson Glenn D Esterson
Marcus amp Millichap Atlanta GA
Phone (678) 677-9515
ParkerKellymarcusmillichapcom
Marcus amp Millichap Seattle WA
Phone (206) 963-6076
VasiliArvanitidismarcusmillichapcom
TEAM AGENT
TEAM AGENT
Parker Kelly
Vasili Arvanitidis
Marcus amp Millichap Charleston SC
Phone (843) 469-0347
DylanHellbergmarcusmillichapcom
TEAM AGENT
Dylan Hellberg
Marcus amp Millichap Tampa FL
Phone (276) 237-4311
CharlesDeHartmarcusmillichapcom
OPERATIONS MANAGER
Charles Dehart
Marcus amp Millichap Atlanta GA
Phone (770) 262-6707
SallieWhitehurstmarcusmillichapcom
LICENSED ASSISTANT
Sallie Whitehurst
Werner Hancock MHC
Offices throughout the US and Canadawwwmarcusmillichapcom
ALL PROPERTY SHOWINGS AREBY APPOINTMENT ONLY Pleaseconsult your Marcus amp Milichap
agent for more details
(720) MHP - 4YOU
Ben YelmLic 303785 - Broker of RecordMarcus amp Millichap Real Estate
Investment Services of Seattle Inc
P 02wwwmarcusmilichapcom Treeside MHC
WE COOPERATE WITH BROKERS Disclaimer Notice
Non-Endorsement
Marcus amp Millichap is not affiliated with sponsored by or endorsed by
any commercial tenant or lessee identified in this marketing package The
presence of any corporationrsquos logo or name is not intended to indicate or
imply affiliation with or sponsorship or endorsement by said occupation
of Marcus amp Millichap its affiliates or subsidiaries and any agent
product service or commercial listing of Marcus amp Millichap and is solely
intended for the purpose of providing tenant lease information about this
listing to prospective customers ALL PROPERTY SHOWINGS ARE BY
APPOINTMENT ONLY PLEASE CONSULT YOUR MARCUS amp MILLICHAP
AGENT FOR MORE DETAILS Marcus amp Millichap Offices throughout the
US and Canada wwwmarcusampmillichapcom
Guidelines
The offering is being distributed exclusively by Marcus amp Millichap REIS to the investment community Following the initial
bids the owner will select an investor to purchase the property or request from a group of investors to submit a best and final
offer from which one will be selected The selection will be based on a variety of factors including purchase price contract
terms financial strength ability to close timing and experience in closing similar transactions
All offers must be presented in writing and include
bull Pricebull Source of capitalbull Proof of fundsbull Relevant experiencebull Proposed schedule of due diligence and closingbull Amount of earnest moneybull List of contingencies including committee approvals possible 1031 exchanges etc
All interested investors are encouraged to schedule a property tour to visit the community and the surrounding market with an
approved representative to fully appreciate its market position quality and strong fundamentals
The information contained in this marketing brochure is proprietary and
strictly confidential It is intended to be reviewed by the party receiving
it from Marcus amp Millichap This marketing brochure has been prepared
to provide summarized unverified information to prospective purchasers
and to establish only a preliminary level of interest in the subject property
The information contained herein is not a substitute for a thorough
due diligence investigation Marcus amp Millichap has not made any
investigation and makes no warranty or representation with respect to
the income or expenses for the subject property the future projected
financial performance of the property the size and square footage of the
property and improvements the presence or absence of contaminating
substances PCBs or asbestos the compliance with state and Federal
regulations the physical condition of the improvements thereon or the
financial condition or business prospects of any tenant or any tenantrsquos
plans or intentions to continue its occupancy of the subject property
The information contained in this marketing brochure has been obtained
from sources we believe to be reliable however Marcus amp Millichap has
not verified and will not verify any of the information contained herein
nor has Marcus amp Millichap conducted any investigation regarding these
matters and makes no warranty or representation what so ever regarding
the accuracy or completeness of the information provided All potential
buyers must take appropriate measures to verify all of the information set
forth herein Marcus amp Millichap is a service mark of Marcus amp Millichap
Investment Services Inc 2018Marcus amp Millichap All rights reserved
Note to the reader you will find links throughout the OM pages containing important information we advise that you click on these links to learn more
Table of Contents
IndexOffering Made Easy
Property Description
Rental Units and Investment Summary
Property Expenses
Local Market Information
Parcel Outline
Property Photos
Sales Agent Team Leader and Admin
03
03
04
05
05
06
06
07
WELCOME
P 03wwwmarcusmilichapcom Treeside MHC
STEP 1
Schedule a callwith your Agent(720) MHP-4YOU
STEP 2
Property Description
This park is a heavy value-add with a major infill component
The vacant lots have infrastructure in place (city water individual
septicrsquos for each lot and direct billed public electric) and are
ready for homes
The park has 97 lots with 18 lot rent only tenants paying a lot
rental rate of $170 per month Lot rent is below the market rate
of $230-$275 There are 79 vacant lots and current occupancy
is 19
Treeside Mobile Home Community is a year-round all-ages
community and has city water that is billed back to directly to
the tenants The community uses a 11 septic system with the
exception of 6 lots and the landlord is responsible for all septic
repairs and maintenance There are 0 park owned homes The
privately maintained roads are gravel and in good condition The
park is NOT in a flood zone
The park is being offered as a heavy value-add investment with
significant infill opportunity and below market lot rents We are
seeking cash offers as financing will not likely be available for
the exception of hard money
Located 5 minutes outside of downtown Williamston NC this park sits 35 minutes from Greenville NC and 2 hours from Virginia Beach VA
bull Well Maintained Value-Add Park
bull Pro-Forma Caprate 219
bull Major Infill Opportunity
bull Market Lot Rent $225-$250
bull Public Water on Bill Back
bull Plug amp play lots (minimal improvement needed to bring
online)
bull Mostly Vacant (but well maintained) MHP
bull 11 Septic (no known issues)
Investment Highlights
Known Issues
Property Location
Propery Address 1028 Roberts LnWilliamston NC 27892
County Martin County
Metro Area No MSA
Parcel Number(s) Number amp LinkNumber amp Link
Site Description
Purchase Price $399000
Total Rental Units 97
Mobile Home Lots 97
CommercialRetail 0
Total Land Area 37
Year Built 1996
Zoning 0
Flood Zone No
Opportunity Zone No
Mechanical
Water Public-Tenants Pay (Submeters)
Sewer Septic
Electrical Public - Direct Billed
Gas Not Applicable
Trash Landlord
Cable Direct Bill
Landscape Landlord
Snow Removal NA
Property Overview
STEP 3Highlights amp Known Issues
1 Watch short video fromlisting broker about thisopportunityCLICK HERE
2 View brokerrsquos excel sheetCLICK HERE
Make an offer (use our template or use your own)
1 Letter of IntentCLICK HERE
2 State RequiredDisclosuresCLICK HERE
Send offers toYour Local MampM Agent
Rental Units amp Investment Summary
Local Mobile Home Park Rents
P 04wwwmarcusmilichapcom Treeside MHC
Unit Breakdown
Total Rental Units 97 Pro Forma
Total Tenants 18 63
Total Mobile Home Lots 97 97
Total RV Lots 0 0 0
Tenant Owned Homes 18 63
Abandoned Homes 0 0
Vacant Lots 79 34
Rent to Own POHs 0 0
Rented POHs 0 0
Vacant POHs 0 0
Average Lot Rent $172 $210
Average RTO Payment $0 $0
Average POH Rent $0 $0
Total Commercial Retail Units 0 0
Commercial Retail - Occupied 0 0
Commercial Retail - Vacant 0 0
Avg Commercial Retail Rent $0 $0
Rent Comps Lot Rent POH Rent Utility Info
Treeside MHP $172 $0 Billed Back Water 11 Septic
Kingswood MHP $265 $290-$420 Public- Direct Billed
Pierce Mobile Estates $500 Public- Direct Billed
Rivercreek MHP $300 Public- Direct Billed
Elks MHP $375-$475 Water Included in Rent
Birchwood Sands $200 Direct billed Water Septic
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
Based on recent sales and evaluations of numerous parks within 1 hour of Tressdie MHC we have
determeind that market occupancy average 65 Well preforming parks are about 80 occupied The
market lot rent for the region ranges from $150-$300 and averages around $225
Comments
Click on the folloring links for additional property information
Other MaterialsParcel Map2017-19 PL Nov-19 Rent Roll
Capitalized Revenues amp Investment Summary
Actuals Normalized Pro Forma
Total Gross Income $53072 $196853
Lot Revenue $38262 $158760
RV Revenue $0 $0
Single Family Home amp Apartment Revenue $0 $0
CommercialRetail Revenue $0 $0
Self Storage Revenue $0 $0
Other Income $14281 $41268
Capitalized Income $52543 $196853
Capitalized Expenses $42680 $109394
Net Operating Income (excludes POH income) $9863 $87459
Park Owned Home Revenues - Not Capitalized
Total Uncapitalized Gross Income $53071 $196853
Total POH Revenue $000 $000
POH amp RTO Expenses $000 $000
POH RTO Net Income $000 $000
Per POH Value NA NA
Total POH Value NA NA
Investment Metric Table
Lot Rent Cap Rate NA 2192
Gross Cap Rate (includes POH IampE) NA NA
Cash On Cash Levered NA NA
Total Return NA NA
Price Per Lot $4113 $4113
Price Per Occupied Lot $22167 $22167
P 05wwwmarcusmilichapcom Treeside MHC
Property ExpensesActuals Normalized Actuals Pro Forma
Total Revenue $52543 $50619 $196853
Local MarketInformationWilliamston (pop 5522) is located in rural northeastern North Carolina on the banks
of the Roanoke River The early settlement prospered since Williamston incorporated
in 1779 was located on a navigable river and ultimately became the seat of county
government As time passed Williamston became a hub of commercial activity in
northeastern North Carolina
Williamston is the first city in North Carolina to be certified as an Audubon Sustainable
Community The Audubon Sustainable Community program is founded in the three
pillars of sustainability - a healthy local environment quality of life for citizens and
economic vitality You will find on your visit here Williamston has a friendly welcoming
spirit filled with southern charm and an ldquoeasy livingrdquo attitude
Local Market Statistics
Williamston Martin County No MSA
Population 5398 23227
Medium Home Price $94800 $94469
Average Apartment Rent $679 $679
Family Median Income $30799 $36132
Unemployment Rate 500 500
Expense Category Note On Expense Item
Actuals Pro Forma
Property Taxes Estimated at 15 of Real Estate Value Allocation $5117 $5985
Property Insurance $50 per lot per year pro forma $291 $4850
Repairs amp Maintenance $150 maint per lot in Pro Forma $2440 $14550
Mowing amp Landscaping Adjusted to $500 per month common and vacant lots only $10163 $6132
Public Water Currently being charged base of 35 tenants pro forma models 92 $17665 $46433
Private Sewer Expenses Broker Estimate $400 $1533
Trash Normalized Equals Sellers Disclosure 22 Pro Forma Increase $4128 $4219
Electricity Normalized Equals Sellers Disclosure 4 Pro Forma Increase $2176 $2263
Employee Salaries $18000 per year salary $300 $18000
Payroll Taxes amp Expenses 10 of Total Payroll $0 $1800
Office Supplies amp Expenses Broker Estimate $0 $818
Legal Fees Broker Estimate $0 $1533
Accounting Fees Broker Estimate $0 $767
Advertising Broker Estimate $0 $511
Total Expense $42680 $109394
Expense Ratio 8123 5557
Net Operating Income (Excluding POH Income) $9863 $87459
Capitalization Rate (lot rent only) NA 2192
Cash Flow $9863 $87459
Other MaterialsParcel Map2017-19 PL Nov-19 Rent Roll
P 06wwwmarcusmilichapcom Treeside MHC
Property Photos Click here for additional property photos
Additional Documents
Due Dilience Vault CLICK HERE
Brokers Excel Sheet CLICK HERE
Brokers Summary Video CLICK HERE
Letter of Intent CLICK HERE
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
P 06wwwmarcusmilichapcom Treeside MHC
Property Photos Click here for additional property photos
Additional Documents
Due Dilience Vault CLICK HERE
Brokers Excel Sheet CLICK HERE
Brokers Summary Video CLICK HERE
Letter of Intent CLICK HERE
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
P 15wwwmarcusmilichapcom Werner Hancock MHP
Brokerage Team
In the 18 years Glenn has been in commercial real estate He has
successfully transacted more than 235 properties for his clients In
2018 alone Glenn sold 36 mobile home communities as a solo broker
In addition to his work as a broker Glenn has owned and operated
mobile home parks run a number of small businesses and owned
other commercial real estate assets
Glenn joined Marcus amp Millichap in 2019 with the vision of assisting
buyers and sellers Nation wide with their manufactured housing
transaction needs His team is quickly gaining a reputation as one of
the top brokerage teams in the industry
Glenn is married to his lovely wife Cassidy and has three children
Glenn resides in Wilmington NC
TEAM LEADER
Glenn D Esterson
(720) MHP-4YOU
ESTERSON MANUFACTURED HOUSING TEAM
GlennEstersonmarcusmillichapcom
wwwestersonmanufacturedhousingteamcom
Marcus amp Millichap Denver CO
Phone (720) 419-4319
BrandonPearsonmarcusmillichapcom
Marcus amp Millichap Charlotte NC
Phone (423) 483-0492
GlennEstersonmarcusmillichapcom
TEAM AGENT SENIOR BROKER
Brandon Pearson Glenn D Esterson
Marcus amp Millichap Atlanta GA
Phone (678) 677-9515
ParkerKellymarcusmillichapcom
Marcus amp Millichap Seattle WA
Phone (206) 963-6076
VasiliArvanitidismarcusmillichapcom
TEAM AGENT
TEAM AGENT
Parker Kelly
Vasili Arvanitidis
Marcus amp Millichap Charleston SC
Phone (843) 469-0347
DylanHellbergmarcusmillichapcom
TEAM AGENT
Dylan Hellberg
Marcus amp Millichap Tampa FL
Phone (276) 237-4311
CharlesDeHartmarcusmillichapcom
OPERATIONS MANAGER
Charles Dehart
Marcus amp Millichap Atlanta GA
Phone (770) 262-6707
SallieWhitehurstmarcusmillichapcom
LICENSED ASSISTANT
Sallie Whitehurst
Werner Hancock MHC
Offices throughout the US and Canadawwwmarcusmillichapcom
ALL PROPERTY SHOWINGS AREBY APPOINTMENT ONLY Pleaseconsult your Marcus amp Milichap
agent for more details
(720) MHP - 4YOU
Ben YelmLic 303785 - Broker of RecordMarcus amp Millichap Real Estate
Investment Services of Seattle Inc
P 03wwwmarcusmilichapcom Treeside MHC
STEP 1
Schedule a callwith your Agent(720) MHP-4YOU
STEP 2
Property Description
This park is a heavy value-add with a major infill component
The vacant lots have infrastructure in place (city water individual
septicrsquos for each lot and direct billed public electric) and are
ready for homes
The park has 97 lots with 18 lot rent only tenants paying a lot
rental rate of $170 per month Lot rent is below the market rate
of $230-$275 There are 79 vacant lots and current occupancy
is 19
Treeside Mobile Home Community is a year-round all-ages
community and has city water that is billed back to directly to
the tenants The community uses a 11 septic system with the
exception of 6 lots and the landlord is responsible for all septic
repairs and maintenance There are 0 park owned homes The
privately maintained roads are gravel and in good condition The
park is NOT in a flood zone
The park is being offered as a heavy value-add investment with
significant infill opportunity and below market lot rents We are
seeking cash offers as financing will not likely be available for
the exception of hard money
Located 5 minutes outside of downtown Williamston NC this park sits 35 minutes from Greenville NC and 2 hours from Virginia Beach VA
bull Well Maintained Value-Add Park
bull Pro-Forma Caprate 219
bull Major Infill Opportunity
bull Market Lot Rent $225-$250
bull Public Water on Bill Back
bull Plug amp play lots (minimal improvement needed to bring
online)
bull Mostly Vacant (but well maintained) MHP
bull 11 Septic (no known issues)
Investment Highlights
Known Issues
Property Location
Propery Address 1028 Roberts LnWilliamston NC 27892
County Martin County
Metro Area No MSA
Parcel Number(s) Number amp LinkNumber amp Link
Site Description
Purchase Price $399000
Total Rental Units 97
Mobile Home Lots 97
CommercialRetail 0
Total Land Area 37
Year Built 1996
Zoning 0
Flood Zone No
Opportunity Zone No
Mechanical
Water Public-Tenants Pay (Submeters)
Sewer Septic
Electrical Public - Direct Billed
Gas Not Applicable
Trash Landlord
Cable Direct Bill
Landscape Landlord
Snow Removal NA
Property Overview
STEP 3Highlights amp Known Issues
1 Watch short video fromlisting broker about thisopportunityCLICK HERE
2 View brokerrsquos excel sheetCLICK HERE
Make an offer (use our template or use your own)
1 Letter of IntentCLICK HERE
2 State RequiredDisclosuresCLICK HERE
Send offers toYour Local MampM Agent
Rental Units amp Investment Summary
Local Mobile Home Park Rents
P 04wwwmarcusmilichapcom Treeside MHC
Unit Breakdown
Total Rental Units 97 Pro Forma
Total Tenants 18 63
Total Mobile Home Lots 97 97
Total RV Lots 0 0 0
Tenant Owned Homes 18 63
Abandoned Homes 0 0
Vacant Lots 79 34
Rent to Own POHs 0 0
Rented POHs 0 0
Vacant POHs 0 0
Average Lot Rent $172 $210
Average RTO Payment $0 $0
Average POH Rent $0 $0
Total Commercial Retail Units 0 0
Commercial Retail - Occupied 0 0
Commercial Retail - Vacant 0 0
Avg Commercial Retail Rent $0 $0
Rent Comps Lot Rent POH Rent Utility Info
Treeside MHP $172 $0 Billed Back Water 11 Septic
Kingswood MHP $265 $290-$420 Public- Direct Billed
Pierce Mobile Estates $500 Public- Direct Billed
Rivercreek MHP $300 Public- Direct Billed
Elks MHP $375-$475 Water Included in Rent
Birchwood Sands $200 Direct billed Water Septic
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
Based on recent sales and evaluations of numerous parks within 1 hour of Tressdie MHC we have
determeind that market occupancy average 65 Well preforming parks are about 80 occupied The
market lot rent for the region ranges from $150-$300 and averages around $225
Comments
Click on the folloring links for additional property information
Other MaterialsParcel Map2017-19 PL Nov-19 Rent Roll
Capitalized Revenues amp Investment Summary
Actuals Normalized Pro Forma
Total Gross Income $53072 $196853
Lot Revenue $38262 $158760
RV Revenue $0 $0
Single Family Home amp Apartment Revenue $0 $0
CommercialRetail Revenue $0 $0
Self Storage Revenue $0 $0
Other Income $14281 $41268
Capitalized Income $52543 $196853
Capitalized Expenses $42680 $109394
Net Operating Income (excludes POH income) $9863 $87459
Park Owned Home Revenues - Not Capitalized
Total Uncapitalized Gross Income $53071 $196853
Total POH Revenue $000 $000
POH amp RTO Expenses $000 $000
POH RTO Net Income $000 $000
Per POH Value NA NA
Total POH Value NA NA
Investment Metric Table
Lot Rent Cap Rate NA 2192
Gross Cap Rate (includes POH IampE) NA NA
Cash On Cash Levered NA NA
Total Return NA NA
Price Per Lot $4113 $4113
Price Per Occupied Lot $22167 $22167
P 05wwwmarcusmilichapcom Treeside MHC
Property ExpensesActuals Normalized Actuals Pro Forma
Total Revenue $52543 $50619 $196853
Local MarketInformationWilliamston (pop 5522) is located in rural northeastern North Carolina on the banks
of the Roanoke River The early settlement prospered since Williamston incorporated
in 1779 was located on a navigable river and ultimately became the seat of county
government As time passed Williamston became a hub of commercial activity in
northeastern North Carolina
Williamston is the first city in North Carolina to be certified as an Audubon Sustainable
Community The Audubon Sustainable Community program is founded in the three
pillars of sustainability - a healthy local environment quality of life for citizens and
economic vitality You will find on your visit here Williamston has a friendly welcoming
spirit filled with southern charm and an ldquoeasy livingrdquo attitude
Local Market Statistics
Williamston Martin County No MSA
Population 5398 23227
Medium Home Price $94800 $94469
Average Apartment Rent $679 $679
Family Median Income $30799 $36132
Unemployment Rate 500 500
Expense Category Note On Expense Item
Actuals Pro Forma
Property Taxes Estimated at 15 of Real Estate Value Allocation $5117 $5985
Property Insurance $50 per lot per year pro forma $291 $4850
Repairs amp Maintenance $150 maint per lot in Pro Forma $2440 $14550
Mowing amp Landscaping Adjusted to $500 per month common and vacant lots only $10163 $6132
Public Water Currently being charged base of 35 tenants pro forma models 92 $17665 $46433
Private Sewer Expenses Broker Estimate $400 $1533
Trash Normalized Equals Sellers Disclosure 22 Pro Forma Increase $4128 $4219
Electricity Normalized Equals Sellers Disclosure 4 Pro Forma Increase $2176 $2263
Employee Salaries $18000 per year salary $300 $18000
Payroll Taxes amp Expenses 10 of Total Payroll $0 $1800
Office Supplies amp Expenses Broker Estimate $0 $818
Legal Fees Broker Estimate $0 $1533
Accounting Fees Broker Estimate $0 $767
Advertising Broker Estimate $0 $511
Total Expense $42680 $109394
Expense Ratio 8123 5557
Net Operating Income (Excluding POH Income) $9863 $87459
Capitalization Rate (lot rent only) NA 2192
Cash Flow $9863 $87459
Other MaterialsParcel Map2017-19 PL Nov-19 Rent Roll
P 06wwwmarcusmilichapcom Treeside MHC
Property Photos Click here for additional property photos
Additional Documents
Due Dilience Vault CLICK HERE
Brokers Excel Sheet CLICK HERE
Brokers Summary Video CLICK HERE
Letter of Intent CLICK HERE
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
P 06wwwmarcusmilichapcom Treeside MHC
Property Photos Click here for additional property photos
Additional Documents
Due Dilience Vault CLICK HERE
Brokers Excel Sheet CLICK HERE
Brokers Summary Video CLICK HERE
Letter of Intent CLICK HERE
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
P 15wwwmarcusmilichapcom Werner Hancock MHP
Brokerage Team
In the 18 years Glenn has been in commercial real estate He has
successfully transacted more than 235 properties for his clients In
2018 alone Glenn sold 36 mobile home communities as a solo broker
In addition to his work as a broker Glenn has owned and operated
mobile home parks run a number of small businesses and owned
other commercial real estate assets
Glenn joined Marcus amp Millichap in 2019 with the vision of assisting
buyers and sellers Nation wide with their manufactured housing
transaction needs His team is quickly gaining a reputation as one of
the top brokerage teams in the industry
Glenn is married to his lovely wife Cassidy and has three children
Glenn resides in Wilmington NC
TEAM LEADER
Glenn D Esterson
(720) MHP-4YOU
ESTERSON MANUFACTURED HOUSING TEAM
GlennEstersonmarcusmillichapcom
wwwestersonmanufacturedhousingteamcom
Marcus amp Millichap Denver CO
Phone (720) 419-4319
BrandonPearsonmarcusmillichapcom
Marcus amp Millichap Charlotte NC
Phone (423) 483-0492
GlennEstersonmarcusmillichapcom
TEAM AGENT SENIOR BROKER
Brandon Pearson Glenn D Esterson
Marcus amp Millichap Atlanta GA
Phone (678) 677-9515
ParkerKellymarcusmillichapcom
Marcus amp Millichap Seattle WA
Phone (206) 963-6076
VasiliArvanitidismarcusmillichapcom
TEAM AGENT
TEAM AGENT
Parker Kelly
Vasili Arvanitidis
Marcus amp Millichap Charleston SC
Phone (843) 469-0347
DylanHellbergmarcusmillichapcom
TEAM AGENT
Dylan Hellberg
Marcus amp Millichap Tampa FL
Phone (276) 237-4311
CharlesDeHartmarcusmillichapcom
OPERATIONS MANAGER
Charles Dehart
Marcus amp Millichap Atlanta GA
Phone (770) 262-6707
SallieWhitehurstmarcusmillichapcom
LICENSED ASSISTANT
Sallie Whitehurst
Werner Hancock MHC
Offices throughout the US and Canadawwwmarcusmillichapcom
ALL PROPERTY SHOWINGS AREBY APPOINTMENT ONLY Pleaseconsult your Marcus amp Milichap
agent for more details
(720) MHP - 4YOU
Ben YelmLic 303785 - Broker of RecordMarcus amp Millichap Real Estate
Investment Services of Seattle Inc
Rental Units amp Investment Summary
Local Mobile Home Park Rents
P 04wwwmarcusmilichapcom Treeside MHC
Unit Breakdown
Total Rental Units 97 Pro Forma
Total Tenants 18 63
Total Mobile Home Lots 97 97
Total RV Lots 0 0 0
Tenant Owned Homes 18 63
Abandoned Homes 0 0
Vacant Lots 79 34
Rent to Own POHs 0 0
Rented POHs 0 0
Vacant POHs 0 0
Average Lot Rent $172 $210
Average RTO Payment $0 $0
Average POH Rent $0 $0
Total Commercial Retail Units 0 0
Commercial Retail - Occupied 0 0
Commercial Retail - Vacant 0 0
Avg Commercial Retail Rent $0 $0
Rent Comps Lot Rent POH Rent Utility Info
Treeside MHP $172 $0 Billed Back Water 11 Septic
Kingswood MHP $265 $290-$420 Public- Direct Billed
Pierce Mobile Estates $500 Public- Direct Billed
Rivercreek MHP $300 Public- Direct Billed
Elks MHP $375-$475 Water Included in Rent
Birchwood Sands $200 Direct billed Water Septic
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
Based on recent sales and evaluations of numerous parks within 1 hour of Tressdie MHC we have
determeind that market occupancy average 65 Well preforming parks are about 80 occupied The
market lot rent for the region ranges from $150-$300 and averages around $225
Comments
Click on the folloring links for additional property information
Other MaterialsParcel Map2017-19 PL Nov-19 Rent Roll
Capitalized Revenues amp Investment Summary
Actuals Normalized Pro Forma
Total Gross Income $53072 $196853
Lot Revenue $38262 $158760
RV Revenue $0 $0
Single Family Home amp Apartment Revenue $0 $0
CommercialRetail Revenue $0 $0
Self Storage Revenue $0 $0
Other Income $14281 $41268
Capitalized Income $52543 $196853
Capitalized Expenses $42680 $109394
Net Operating Income (excludes POH income) $9863 $87459
Park Owned Home Revenues - Not Capitalized
Total Uncapitalized Gross Income $53071 $196853
Total POH Revenue $000 $000
POH amp RTO Expenses $000 $000
POH RTO Net Income $000 $000
Per POH Value NA NA
Total POH Value NA NA
Investment Metric Table
Lot Rent Cap Rate NA 2192
Gross Cap Rate (includes POH IampE) NA NA
Cash On Cash Levered NA NA
Total Return NA NA
Price Per Lot $4113 $4113
Price Per Occupied Lot $22167 $22167
P 05wwwmarcusmilichapcom Treeside MHC
Property ExpensesActuals Normalized Actuals Pro Forma
Total Revenue $52543 $50619 $196853
Local MarketInformationWilliamston (pop 5522) is located in rural northeastern North Carolina on the banks
of the Roanoke River The early settlement prospered since Williamston incorporated
in 1779 was located on a navigable river and ultimately became the seat of county
government As time passed Williamston became a hub of commercial activity in
northeastern North Carolina
Williamston is the first city in North Carolina to be certified as an Audubon Sustainable
Community The Audubon Sustainable Community program is founded in the three
pillars of sustainability - a healthy local environment quality of life for citizens and
economic vitality You will find on your visit here Williamston has a friendly welcoming
spirit filled with southern charm and an ldquoeasy livingrdquo attitude
Local Market Statistics
Williamston Martin County No MSA
Population 5398 23227
Medium Home Price $94800 $94469
Average Apartment Rent $679 $679
Family Median Income $30799 $36132
Unemployment Rate 500 500
Expense Category Note On Expense Item
Actuals Pro Forma
Property Taxes Estimated at 15 of Real Estate Value Allocation $5117 $5985
Property Insurance $50 per lot per year pro forma $291 $4850
Repairs amp Maintenance $150 maint per lot in Pro Forma $2440 $14550
Mowing amp Landscaping Adjusted to $500 per month common and vacant lots only $10163 $6132
Public Water Currently being charged base of 35 tenants pro forma models 92 $17665 $46433
Private Sewer Expenses Broker Estimate $400 $1533
Trash Normalized Equals Sellers Disclosure 22 Pro Forma Increase $4128 $4219
Electricity Normalized Equals Sellers Disclosure 4 Pro Forma Increase $2176 $2263
Employee Salaries $18000 per year salary $300 $18000
Payroll Taxes amp Expenses 10 of Total Payroll $0 $1800
Office Supplies amp Expenses Broker Estimate $0 $818
Legal Fees Broker Estimate $0 $1533
Accounting Fees Broker Estimate $0 $767
Advertising Broker Estimate $0 $511
Total Expense $42680 $109394
Expense Ratio 8123 5557
Net Operating Income (Excluding POH Income) $9863 $87459
Capitalization Rate (lot rent only) NA 2192
Cash Flow $9863 $87459
Other MaterialsParcel Map2017-19 PL Nov-19 Rent Roll
P 06wwwmarcusmilichapcom Treeside MHC
Property Photos Click here for additional property photos
Additional Documents
Due Dilience Vault CLICK HERE
Brokers Excel Sheet CLICK HERE
Brokers Summary Video CLICK HERE
Letter of Intent CLICK HERE
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
P 06wwwmarcusmilichapcom Treeside MHC
Property Photos Click here for additional property photos
Additional Documents
Due Dilience Vault CLICK HERE
Brokers Excel Sheet CLICK HERE
Brokers Summary Video CLICK HERE
Letter of Intent CLICK HERE
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
P 15wwwmarcusmilichapcom Werner Hancock MHP
Brokerage Team
In the 18 years Glenn has been in commercial real estate He has
successfully transacted more than 235 properties for his clients In
2018 alone Glenn sold 36 mobile home communities as a solo broker
In addition to his work as a broker Glenn has owned and operated
mobile home parks run a number of small businesses and owned
other commercial real estate assets
Glenn joined Marcus amp Millichap in 2019 with the vision of assisting
buyers and sellers Nation wide with their manufactured housing
transaction needs His team is quickly gaining a reputation as one of
the top brokerage teams in the industry
Glenn is married to his lovely wife Cassidy and has three children
Glenn resides in Wilmington NC
TEAM LEADER
Glenn D Esterson
(720) MHP-4YOU
ESTERSON MANUFACTURED HOUSING TEAM
GlennEstersonmarcusmillichapcom
wwwestersonmanufacturedhousingteamcom
Marcus amp Millichap Denver CO
Phone (720) 419-4319
BrandonPearsonmarcusmillichapcom
Marcus amp Millichap Charlotte NC
Phone (423) 483-0492
GlennEstersonmarcusmillichapcom
TEAM AGENT SENIOR BROKER
Brandon Pearson Glenn D Esterson
Marcus amp Millichap Atlanta GA
Phone (678) 677-9515
ParkerKellymarcusmillichapcom
Marcus amp Millichap Seattle WA
Phone (206) 963-6076
VasiliArvanitidismarcusmillichapcom
TEAM AGENT
TEAM AGENT
Parker Kelly
Vasili Arvanitidis
Marcus amp Millichap Charleston SC
Phone (843) 469-0347
DylanHellbergmarcusmillichapcom
TEAM AGENT
Dylan Hellberg
Marcus amp Millichap Tampa FL
Phone (276) 237-4311
CharlesDeHartmarcusmillichapcom
OPERATIONS MANAGER
Charles Dehart
Marcus amp Millichap Atlanta GA
Phone (770) 262-6707
SallieWhitehurstmarcusmillichapcom
LICENSED ASSISTANT
Sallie Whitehurst
Werner Hancock MHC
Offices throughout the US and Canadawwwmarcusmillichapcom
ALL PROPERTY SHOWINGS AREBY APPOINTMENT ONLY Pleaseconsult your Marcus amp Milichap
agent for more details
(720) MHP - 4YOU
Ben YelmLic 303785 - Broker of RecordMarcus amp Millichap Real Estate
Investment Services of Seattle Inc
P 05wwwmarcusmilichapcom Treeside MHC
Property ExpensesActuals Normalized Actuals Pro Forma
Total Revenue $52543 $50619 $196853
Local MarketInformationWilliamston (pop 5522) is located in rural northeastern North Carolina on the banks
of the Roanoke River The early settlement prospered since Williamston incorporated
in 1779 was located on a navigable river and ultimately became the seat of county
government As time passed Williamston became a hub of commercial activity in
northeastern North Carolina
Williamston is the first city in North Carolina to be certified as an Audubon Sustainable
Community The Audubon Sustainable Community program is founded in the three
pillars of sustainability - a healthy local environment quality of life for citizens and
economic vitality You will find on your visit here Williamston has a friendly welcoming
spirit filled with southern charm and an ldquoeasy livingrdquo attitude
Local Market Statistics
Williamston Martin County No MSA
Population 5398 23227
Medium Home Price $94800 $94469
Average Apartment Rent $679 $679
Family Median Income $30799 $36132
Unemployment Rate 500 500
Expense Category Note On Expense Item
Actuals Pro Forma
Property Taxes Estimated at 15 of Real Estate Value Allocation $5117 $5985
Property Insurance $50 per lot per year pro forma $291 $4850
Repairs amp Maintenance $150 maint per lot in Pro Forma $2440 $14550
Mowing amp Landscaping Adjusted to $500 per month common and vacant lots only $10163 $6132
Public Water Currently being charged base of 35 tenants pro forma models 92 $17665 $46433
Private Sewer Expenses Broker Estimate $400 $1533
Trash Normalized Equals Sellers Disclosure 22 Pro Forma Increase $4128 $4219
Electricity Normalized Equals Sellers Disclosure 4 Pro Forma Increase $2176 $2263
Employee Salaries $18000 per year salary $300 $18000
Payroll Taxes amp Expenses 10 of Total Payroll $0 $1800
Office Supplies amp Expenses Broker Estimate $0 $818
Legal Fees Broker Estimate $0 $1533
Accounting Fees Broker Estimate $0 $767
Advertising Broker Estimate $0 $511
Total Expense $42680 $109394
Expense Ratio 8123 5557
Net Operating Income (Excluding POH Income) $9863 $87459
Capitalization Rate (lot rent only) NA 2192
Cash Flow $9863 $87459
Other MaterialsParcel Map2017-19 PL Nov-19 Rent Roll
P 06wwwmarcusmilichapcom Treeside MHC
Property Photos Click here for additional property photos
Additional Documents
Due Dilience Vault CLICK HERE
Brokers Excel Sheet CLICK HERE
Brokers Summary Video CLICK HERE
Letter of Intent CLICK HERE
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
P 06wwwmarcusmilichapcom Treeside MHC
Property Photos Click here for additional property photos
Additional Documents
Due Dilience Vault CLICK HERE
Brokers Excel Sheet CLICK HERE
Brokers Summary Video CLICK HERE
Letter of Intent CLICK HERE
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
P 15wwwmarcusmilichapcom Werner Hancock MHP
Brokerage Team
In the 18 years Glenn has been in commercial real estate He has
successfully transacted more than 235 properties for his clients In
2018 alone Glenn sold 36 mobile home communities as a solo broker
In addition to his work as a broker Glenn has owned and operated
mobile home parks run a number of small businesses and owned
other commercial real estate assets
Glenn joined Marcus amp Millichap in 2019 with the vision of assisting
buyers and sellers Nation wide with their manufactured housing
transaction needs His team is quickly gaining a reputation as one of
the top brokerage teams in the industry
Glenn is married to his lovely wife Cassidy and has three children
Glenn resides in Wilmington NC
TEAM LEADER
Glenn D Esterson
(720) MHP-4YOU
ESTERSON MANUFACTURED HOUSING TEAM
GlennEstersonmarcusmillichapcom
wwwestersonmanufacturedhousingteamcom
Marcus amp Millichap Denver CO
Phone (720) 419-4319
BrandonPearsonmarcusmillichapcom
Marcus amp Millichap Charlotte NC
Phone (423) 483-0492
GlennEstersonmarcusmillichapcom
TEAM AGENT SENIOR BROKER
Brandon Pearson Glenn D Esterson
Marcus amp Millichap Atlanta GA
Phone (678) 677-9515
ParkerKellymarcusmillichapcom
Marcus amp Millichap Seattle WA
Phone (206) 963-6076
VasiliArvanitidismarcusmillichapcom
TEAM AGENT
TEAM AGENT
Parker Kelly
Vasili Arvanitidis
Marcus amp Millichap Charleston SC
Phone (843) 469-0347
DylanHellbergmarcusmillichapcom
TEAM AGENT
Dylan Hellberg
Marcus amp Millichap Tampa FL
Phone (276) 237-4311
CharlesDeHartmarcusmillichapcom
OPERATIONS MANAGER
Charles Dehart
Marcus amp Millichap Atlanta GA
Phone (770) 262-6707
SallieWhitehurstmarcusmillichapcom
LICENSED ASSISTANT
Sallie Whitehurst
Werner Hancock MHC
Offices throughout the US and Canadawwwmarcusmillichapcom
ALL PROPERTY SHOWINGS AREBY APPOINTMENT ONLY Pleaseconsult your Marcus amp Milichap
agent for more details
(720) MHP - 4YOU
Ben YelmLic 303785 - Broker of RecordMarcus amp Millichap Real Estate
Investment Services of Seattle Inc
P 06wwwmarcusmilichapcom Treeside MHC
Property Photos Click here for additional property photos
Additional Documents
Due Dilience Vault CLICK HERE
Brokers Excel Sheet CLICK HERE
Brokers Summary Video CLICK HERE
Letter of Intent CLICK HERE
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
P 06wwwmarcusmilichapcom Treeside MHC
Property Photos Click here for additional property photos
Additional Documents
Due Dilience Vault CLICK HERE
Brokers Excel Sheet CLICK HERE
Brokers Summary Video CLICK HERE
Letter of Intent CLICK HERE
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
P 15wwwmarcusmilichapcom Werner Hancock MHP
Brokerage Team
In the 18 years Glenn has been in commercial real estate He has
successfully transacted more than 235 properties for his clients In
2018 alone Glenn sold 36 mobile home communities as a solo broker
In addition to his work as a broker Glenn has owned and operated
mobile home parks run a number of small businesses and owned
other commercial real estate assets
Glenn joined Marcus amp Millichap in 2019 with the vision of assisting
buyers and sellers Nation wide with their manufactured housing
transaction needs His team is quickly gaining a reputation as one of
the top brokerage teams in the industry
Glenn is married to his lovely wife Cassidy and has three children
Glenn resides in Wilmington NC
TEAM LEADER
Glenn D Esterson
(720) MHP-4YOU
ESTERSON MANUFACTURED HOUSING TEAM
GlennEstersonmarcusmillichapcom
wwwestersonmanufacturedhousingteamcom
Marcus amp Millichap Denver CO
Phone (720) 419-4319
BrandonPearsonmarcusmillichapcom
Marcus amp Millichap Charlotte NC
Phone (423) 483-0492
GlennEstersonmarcusmillichapcom
TEAM AGENT SENIOR BROKER
Brandon Pearson Glenn D Esterson
Marcus amp Millichap Atlanta GA
Phone (678) 677-9515
ParkerKellymarcusmillichapcom
Marcus amp Millichap Seattle WA
Phone (206) 963-6076
VasiliArvanitidismarcusmillichapcom
TEAM AGENT
TEAM AGENT
Parker Kelly
Vasili Arvanitidis
Marcus amp Millichap Charleston SC
Phone (843) 469-0347
DylanHellbergmarcusmillichapcom
TEAM AGENT
Dylan Hellberg
Marcus amp Millichap Tampa FL
Phone (276) 237-4311
CharlesDeHartmarcusmillichapcom
OPERATIONS MANAGER
Charles Dehart
Marcus amp Millichap Atlanta GA
Phone (770) 262-6707
SallieWhitehurstmarcusmillichapcom
LICENSED ASSISTANT
Sallie Whitehurst
Werner Hancock MHC
Offices throughout the US and Canadawwwmarcusmillichapcom
ALL PROPERTY SHOWINGS AREBY APPOINTMENT ONLY Pleaseconsult your Marcus amp Milichap
agent for more details
(720) MHP - 4YOU
Ben YelmLic 303785 - Broker of RecordMarcus amp Millichap Real Estate
Investment Services of Seattle Inc
P 06wwwmarcusmilichapcom Treeside MHC
Property Photos Click here for additional property photos
Additional Documents
Due Dilience Vault CLICK HERE
Brokers Excel Sheet CLICK HERE
Brokers Summary Video CLICK HERE
Letter of Intent CLICK HERE
Offering Price $399000
Cap Rate (Proforma) 2192
Gross Cap Rate NA
Price Per Lot $4113
Pro Forma Value $1170000
P 15wwwmarcusmilichapcom Werner Hancock MHP
Brokerage Team
In the 18 years Glenn has been in commercial real estate He has
successfully transacted more than 235 properties for his clients In
2018 alone Glenn sold 36 mobile home communities as a solo broker
In addition to his work as a broker Glenn has owned and operated
mobile home parks run a number of small businesses and owned
other commercial real estate assets
Glenn joined Marcus amp Millichap in 2019 with the vision of assisting
buyers and sellers Nation wide with their manufactured housing
transaction needs His team is quickly gaining a reputation as one of
the top brokerage teams in the industry
Glenn is married to his lovely wife Cassidy and has three children
Glenn resides in Wilmington NC
TEAM LEADER
Glenn D Esterson
(720) MHP-4YOU
ESTERSON MANUFACTURED HOUSING TEAM
GlennEstersonmarcusmillichapcom
wwwestersonmanufacturedhousingteamcom
Marcus amp Millichap Denver CO
Phone (720) 419-4319
BrandonPearsonmarcusmillichapcom
Marcus amp Millichap Charlotte NC
Phone (423) 483-0492
GlennEstersonmarcusmillichapcom
TEAM AGENT SENIOR BROKER
Brandon Pearson Glenn D Esterson
Marcus amp Millichap Atlanta GA
Phone (678) 677-9515
ParkerKellymarcusmillichapcom
Marcus amp Millichap Seattle WA
Phone (206) 963-6076
VasiliArvanitidismarcusmillichapcom
TEAM AGENT
TEAM AGENT
Parker Kelly
Vasili Arvanitidis
Marcus amp Millichap Charleston SC
Phone (843) 469-0347
DylanHellbergmarcusmillichapcom
TEAM AGENT
Dylan Hellberg
Marcus amp Millichap Tampa FL
Phone (276) 237-4311
CharlesDeHartmarcusmillichapcom
OPERATIONS MANAGER
Charles Dehart
Marcus amp Millichap Atlanta GA
Phone (770) 262-6707
SallieWhitehurstmarcusmillichapcom
LICENSED ASSISTANT
Sallie Whitehurst
Werner Hancock MHC
Offices throughout the US and Canadawwwmarcusmillichapcom
ALL PROPERTY SHOWINGS AREBY APPOINTMENT ONLY Pleaseconsult your Marcus amp Milichap
agent for more details
(720) MHP - 4YOU
Ben YelmLic 303785 - Broker of RecordMarcus amp Millichap Real Estate
Investment Services of Seattle Inc
P 15wwwmarcusmilichapcom Werner Hancock MHP
Brokerage Team
In the 18 years Glenn has been in commercial real estate He has
successfully transacted more than 235 properties for his clients In
2018 alone Glenn sold 36 mobile home communities as a solo broker
In addition to his work as a broker Glenn has owned and operated
mobile home parks run a number of small businesses and owned
other commercial real estate assets
Glenn joined Marcus amp Millichap in 2019 with the vision of assisting
buyers and sellers Nation wide with their manufactured housing
transaction needs His team is quickly gaining a reputation as one of
the top brokerage teams in the industry
Glenn is married to his lovely wife Cassidy and has three children
Glenn resides in Wilmington NC
TEAM LEADER
Glenn D Esterson
(720) MHP-4YOU
ESTERSON MANUFACTURED HOUSING TEAM
GlennEstersonmarcusmillichapcom
wwwestersonmanufacturedhousingteamcom
Marcus amp Millichap Denver CO
Phone (720) 419-4319
BrandonPearsonmarcusmillichapcom
Marcus amp Millichap Charlotte NC
Phone (423) 483-0492
GlennEstersonmarcusmillichapcom
TEAM AGENT SENIOR BROKER
Brandon Pearson Glenn D Esterson
Marcus amp Millichap Atlanta GA
Phone (678) 677-9515
ParkerKellymarcusmillichapcom
Marcus amp Millichap Seattle WA
Phone (206) 963-6076
VasiliArvanitidismarcusmillichapcom
TEAM AGENT
TEAM AGENT
Parker Kelly
Vasili Arvanitidis
Marcus amp Millichap Charleston SC
Phone (843) 469-0347
DylanHellbergmarcusmillichapcom
TEAM AGENT
Dylan Hellberg
Marcus amp Millichap Tampa FL
Phone (276) 237-4311
CharlesDeHartmarcusmillichapcom
OPERATIONS MANAGER
Charles Dehart
Marcus amp Millichap Atlanta GA
Phone (770) 262-6707
SallieWhitehurstmarcusmillichapcom
LICENSED ASSISTANT
Sallie Whitehurst
Werner Hancock MHC
Offices throughout the US and Canadawwwmarcusmillichapcom
ALL PROPERTY SHOWINGS AREBY APPOINTMENT ONLY Pleaseconsult your Marcus amp Milichap
agent for more details
(720) MHP - 4YOU
Ben YelmLic 303785 - Broker of RecordMarcus amp Millichap Real Estate
Investment Services of Seattle Inc
Werner Hancock MHC
Offices throughout the US and Canadawwwmarcusmillichapcom
ALL PROPERTY SHOWINGS AREBY APPOINTMENT ONLY Pleaseconsult your Marcus amp Milichap
agent for more details
(720) MHP - 4YOU
Ben YelmLic 303785 - Broker of RecordMarcus amp Millichap Real Estate
Investment Services of Seattle Inc
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