UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 16,345 sqft
Price per Sqft $70
Subdivision Not In Subdivision
MLS Listing ID 100532377
Lot Size 7.385 Acres
Acres 7.38
Lot Dimensions See Plats in MLS Docs
Property Sub-Type Multi Family
Source Hive MLS
Property Description
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.
Location
State NC
County Onslow
Community Not In Subdivision
Zoning R-8M & Unzoned
Direction 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---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
Location Details Mainland
Interior
Heating Electric
Exterior
Garage No
Building
Water Public
New Construction No
Others
Tax ID 021280
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
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