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Offering Summary
THE PROPERTY
The Jacksonville Mobile Home Portfolio offers 84 park-owned homes across 20 acres, providing affordable housing near Camp Lejeune in Jacksonville, North Carolina. With recent renovations, these homes are built in the 1990s or later, ensuring modern living conditions. The portfolio maintains a strong occupancy rate of 96%, with an average rent of $895 per unit. Positioned in a high-demand area, the property has significant potential for rent increases and operational improvements. Investors can expect a 13% cap rate and a 33% IRR, with a projected 3.8x multiple over the investment period, providing both cash flow and growth opportunities.
The portfolio is located near the bustling Camp Lejeune Marine Corps Base in Jacksonville, NC, ensuring a steady demand for affordable housing. This military presence provides long-term tenant stability and a consistent revenue stream.
THE SPONSOR
Investing with Crowdvest LLC provides you with a hassle-free way to enter the commercial real estate market. Our syndication model allows you to invest in high-quality properties with a lower capital requirement than traditional real estate investments. Plus, our team handles all the complexities of property management and ensures that your investment is well-maintained.
We offer a range of investment opportunities, from multifamily properties to office buildings, so you can choose the type of real estate that best fits your investment goals. Our platform also provides transparent reporting, so you can track your investment's performance and stay informed about any developments in the market.
Watch Ken discuss his background and investment philosophy in this video.
River City Realty
Located in Jacksonville, NC, this offering features 84 park-owned mobile homes across 20 acres, built in the 1990s or later with recent renovations. Positioned near Camp Lejeune, the property enjoys steady demand with 96% occupancy and an average rent of $895. With a 13% cap rate, 33% IRR, and 3.8x multiple, this portfolio provides a strong value-add opportunity through rent increases and operational improvements, offering both solid cash flow and growth potential.
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| Preferred Return: | 10% |
| Targeted Equity Multiple: | 3.8x |
| Targeted IRR: | 33% |
| Targeted Investment Period: | 5 Years |
| Property Type: | Mobile Home |
DISCLAIMER
Any investments being offered are pursuant to an exemption from registration under Regulation D of the Securities Act of 1933, specifically Section 506(c). As such, only investors who are verified as being "accredited investors" will be able to invest in this opportunity, and only upon receipt, review and execution of the definitive offering documents. Please refer to www.SEC.gov for further guidance regarding accreditation.