109 Smiths Mhp Lane,Chinquapin, NC 28521
Chinquapin, NC 28521
Description
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 $126,194, offering a cap rate of 11%, and provide investors with strategic opportunities to enhance income in two North Carolina markets.
Details
| MLS # | 750811 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 336 |
| Listing Provided By | CAROLINA SUMMIT GROUP #1 | LEE PITTMAN |
Features
| Zoning | OTHER - Other |
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Exterior
| Construction Materials | Unknown |
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Utilities
| Sewer | Septic Tank |
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Taxes
| Tax Legal Description | OFF SR 1105 3002/326 01/10/2008 1.6800 Acres, TR. A 2023 : RS AND JS INVESTMENTS LLC, TR. B 2026:RS AND JS INVESTMENTS L |
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Area Information
| State | NC |
|---|---|
| County | Duplin |
| City | Chinquapin |
| Zip Code | 28521 |
| Area | Duplin |
| Listing VS Median (in 28521) | |
Price: $1,147,217 low | high Med: $0 On site: 336 low | high Med: | |
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Learn More About This Property
| State | NC |
|---|---|
| County | Duplin |
| City | Chinquapin |
| Zip Code | 28521 |
| Area | Duplin |
| Listing VS Median (in 28521) | |
Price: $1,147,217 low | high Med: $0 On site: 336 low | high Med: | |