LaCosta at Lovejoy
LaCosta at Lovejoy is a 530 lot manufactured home community. The property sits 6 miles north of the Atlanta Motor Speedway in Hampton, GA. The park benefits from a swimming pool, fishing pond, and basketball courts. The Atlanta MSA is one of the strongest in the nation with low taxes and a business-friendly environment. Fifteen Fortune 500 companies call Atlanta their home for headquarters leading to many job opportunities.
Hillsborough Estates is a 89 lot family community. Within a short drive to UNC-Chapel Hill and Duke University, this park is well located at the intersection of 1-85 and 1-40. This park benefits from the surrounding community amenities and is a manageable commute from the town center of Hillsborough. The Durham MSA is a growing metro with over 542,000 people that benefits from a diverse group of industries including Duke University Health Systems, IBM, Fidelity Investments to name a few.
Cherry Valley is a 33 lot family community, approximately 10 miles from Asheville city center. The park has beautiful views of the Appalachian mountains and quick access to I-26 and I-40. Asheville has a lot to offer from the outdoors to a nationally recognized culinary and beer culture to the arts. Lonely Planet recently named Asheville as the top US destination to travel. Population and economic growth has been strong over the years.
Eastgate is a 42 lot family community, approximately 12 miles from Greenville, South Carolina city center. The park is well situated and is short drive away from Greer, SC, the world's largest BMW manufacturing plant, and I-85. Greenville has experienced explosive growth over the past few decades thanks to Michelin, AVX Corporation, Ameco, CentrusBank, and Scansource. Greenville was the 4th growing city in the US as ranked by the US Census Bureau
We consider mobile home parks within the following parameters:
- Mobile home parks (MHPs) with 30 lots or more
- Near a metro area with over 100,000 people
- Markets with jobs in diverse industries
- Purchase parks at least 8 cap rate with immediate upside
If you or someone you know has a mobile home park that fits this checklist, contact us. We pay referral fees.