CLICK HERE FOR FULL PHOTO ALBUM

OVERVIEW

Priced at just $70,000 — roughly $67/sq ft — this 3 bed/2 bath manufactured home sits on a spacious 0.59-acre lot in Hoke County, home to a large portion of Fort Liberty and one of the fastest-growing military and civilian population bases in the Carolina Sandhills. Nearby stick-built homes on the same road have recently sold in the $180K-$208K range, underscoring the land value and upside baked into this price. With city water, septic, and nearly 26,000 sq ft of land, this is an entry point rarely available in this market — ideal for a value-add rehab or a buy-and-hold rental play with a huge cushion built in.

Comp Avg (Sold): ~$194,000 | For Sale Avg: ~$132,000
Rent Avg: ~$1,500/mo | Gross Yield at Asking: ~25.7%

DETAILS

Type: Manufactured Home, with Land

Bedrooms / Baths: 3 bed / 2 bath

Living Area: 1,040 sq ft

Year Built: 1992

Lot Size: 0.59 acres (25,700 sq ft)

Utilities: City Water & Septic

Occupancy at Closing: Seller will need 14 days after closing to vacate. 50% of seller’s proceeds will be held by the closing attorney until buyer confirms vacancy.

Closing Date: 09/08/2026

Closing Attorney: Atlas Orange

Parcel ID: 394140001067

Annual Taxes: $677

CONDITION

• City water and septic system (septic last pumped ~5 years ago)
• Electricity through Lumbee River (electric provider) — no gas service
• Roof is original to the home (1992); sellers added a metal tin overlay last year
• HVAC (heating & cooling) is not currently operational — original system, dating to 1992
• Property sold as-is

COMPARABLE SALES
2198 John Russell Rd, Raeford, NC 28376 — 1,401 sq ft — $180,000 ($128.48/sq ft) — Sold

1750 John Russell Rd, Raeford, NC 28376 — 1,605 sq ft — $208,000 ($129.60/sq ft) — Sold

Comp Average: ~$194,000 (~$129.04/sq ft)
Our Price: $70,000 ($67.31/sq ft)
Your Spread: ~$124,000

Both comps sit on the same street and reflect strong stick-built values in this pocket of Hoke County — note the subject is a smaller manufactured home, so the true story here is the land and entry price, not a direct apples-to-apples match. At $70K on 0.59 acres, the numbers work for both a flip (huge spread to comps) and a hold (25%+ gross yield at asking).

DISCLAIMER — Please Read Before Submitting an Offer

Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and are not representing ourselves as such. We do not represent the owner.

Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.

Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.

Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal.
Closing will occur as quickly as possible, but no longer than 30 calendar days.
Buyer pays all closing costs — closing costs are NOT included in the asking price.
Taxes will be prorated and split between parties.
$495 transaction fee payable to Bright Home Offer LLC.
Closing will be conducted with our closing attorney.

As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
No repairs or improvements will be made prior to closing.
No clean-out or clean-up of any kind will be completed.
Property will not be broom clean at closing.

Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either:
Negotiate your commission/fee directly with your client, separate from the wholesale price, or
Adjust the wholesale price upward to include your fee.
If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.