1. North Carolina
  2. Chinquapin
  3. 108 Smith Mhp Lane
$1,510,870

108 Smith Mhp Lane, Chinquapin, NC 28521

  • 16,345 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon7.38acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $92/sqft
  • Property List Date Icon Listed 11 days ago

Property 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 $151,087, offering a cap rate of 10%, and provide investors with strategic opportunities to enhance income in two North Carolina markets.

Listing Status:
Active
Listing Office:
Carolina Summit Group, LLC : 910-684-5353
MLS ID:
100532380
  • Heating: Electric
  • Originating MLS: Hive MLS
  • County: Duplin
  • Zoning: R-8M & UnzonedOFF SR 1105 3002/326 01/10/2008 1.6800 AcresTR. A 2023 : RS AND JS INVESTMENTS LLCTR. B 2026:RS AND JS INVESTMENTS08-2256- 1- & 08-2256- 1- 1
  • Current Use: Multi-FamilyResidential
  • Water: Public
  • Sewer: Septic Tank
  • Source: Hive MLS

This listing courtesy of Carolina Summit Group, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

C

Chinquapin Elementary School

3894 S NC 50 Hwy, Chinquapin, NC, 28521

Grades PK-8

2.23 miles away

C

Chinquapin Elementary School

3894 S NC 50 Hwy, Chinquapin, NC, 28521

Grades PK-8

2.23 miles away

E

East Duplin High School

394 North NC Highway 111, Beulaville, NC, 28518

Grades 9-12

7.95 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.