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For Sale

108 Smith Mhp Lane

108 Smith Mhp Lane, Chinquapin, NC 28521

$1,510,870

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 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.

16,345 Sq.Ft. LIVING AREA

7.38 Acres lot

Lee Pittman

title Principal / Broker
PHONE (910) 638-8108
EMAIL [email protected]
DRE # 340689

Features & Amenities

Area & Lot

Status For Sale
Living Area16,345 Sq.Ft.
Total Area16,345 Sq.Ft.
Lot Area7.38 Acres
MLS® ID100532380
TypeCommercial

Exterior

water SourceMunicipal Water
HEAT TYPEElectric
sewerSeptic Tank

Financial

Sales Price$1,510,870
Zoning R-8M & Unzoned

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Contact Details

Lee Pittman

Phone

(910) 638-8108

[email protected]

Address

390 SW BROAD ST SOUTHERN PINES NC 28387

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