NC > Chinquapin > Not In Subdivision
Chinquapin, NC 28521,108 Smith Mhp LN
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Chinquapin, NC 28521,108 Smith Mhp LN
Chinquapin, NC 28521,108 Smith Mhp LN
Chinquapin, NC 28521,108 Smith Mhp LN
Chinquapin, NC 28521,108 Smith Mhp LN
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Lanier Property Group Team

Lanier Property Group Team

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$ 1,510,870
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108 Smith Mhp LN Chinquapin, NC 28521

16,345 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,345 sqft

Price per Sqft $92

Subdivision Not In Subdivision

MLS Listing ID 100532380

Lot Size 7.380 Acres

Acres 7.38

Lot Dimensions See Plats in MLS Docs

Property Sub-Type Multi Family

Source Hive MLS

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.

Location

State NC

County Duplin

Community Not In Subdivision

Zoning R-8M & Unzoned

Direction From Jacksonville, take US-258 N and NC-111 N to Willie Hatcher Rd in Duplin Co. Continue on Willie Hatcher Rd. Drive to Smiths MHP Ln---From Jacksonville head west on US-17 BUS S/Marine Blvd toward Court St. Continue straight onto US-258 N. Continue straight onto NC-53 W. Turn left onto Haws Run Rd. Continue 2.5 miles. Cornerstone MHP will be on the left at 629 Haws Run Road

Interior

Heating Electric

Building

Sewer Septic Tank

Water Municipal Water

New Construction No

Others

Tax ID 08-2256- 1- & 08-2256- 1- 1

Hive MLS / (NCRMLS) / Cape Fear Realtors
Listed by Carolina Summit Group, LLC
Lanier Property Group Team

Lanier Property Group Team

Broker | License ID: 273505

+1(910) 398-4304

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