This offering includes two value-add mobile home park investments in Eastern North Carolina. Cornerstone Mobile Home Park, located on Haws Run Road in Jacksonville, Onslow County, sits on approximately 1.68 acres and features 13 pads with 11 existing units. Zoned R-8M (Residential-8 Manufactured Housing), the property provides potential for expansion… Read More or improvements to increase income in the growing Jacksonville market. Smiths Mobile Home Park, located off Ludie Brown Road in Chinquapin, Duplin County, consists of two tracts totaling approximately +/- 5.71 net acres with 8 pads and 7 existing homes. Served by septic systems and county water, the property is considered unzoned under Duplin County land use ordinances. Both properties are within half a mile of a Voluntary Agricultural District. Combined, the parks generate an NOI of $151,087, offering a cap rate of 10%, and provide investors with strategic opportunities to enhance income in two North Carolina markets. Read Less
Courtesy of Lee Pittman, Carolina Summit Group, LLC
Listing Snapshot
Days Online
174
Last Updated
Property Type
Multi Family
Square Ft.
16,345
Lot Size
7.39 Acres
MLS Number
100532377
30 Days Snapshot Of 28540
$298k
+2%
(avg) sold price
10
-87%
homes sold
130
+25%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Toal building area: 16345
Heating
"Electric"
Income
Net operating income: $151,087
Lot
7.38 acres, 321,691 sqft
Property
Zoning: R-8M & Unzoned
Taxes
Year: 2025
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The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of . All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Carolina Summit Group, LLC shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data.
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