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Dream Team United

| Dream Team United | Keller Williams Connected | PLACE

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108 Smith Mhp Ln , Chinquapin, NC 28521
$1,147,217
Est. Payment: $2,549.37/mo
0 Bed
0 Bath
16345 Sqft
Status: Pending | Days on site: 212
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573588967 - 573588833,579503915
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from , its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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House 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.
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Highlights

Listed by Lee Pittman , 910-638-8108 Carolina Summit Group, LLC , 910-684-5353.

Property Type

Commercial Sale
Lot/Acreage
7.38

County

Duplin

 Neighborhood

Not In Subdivision

Listing ID

100532380

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Water:Public

Exterior Features

Lot:Outside City Limits
Lot Dimensions:See Plats in MLS Docs
Zoning:R-8M & Unzoned
Principal Interest
$2,549
Taxes
$731

Home Price

$1,147,217

Loan Details

30 yrs
%

Down Payment

20%
$229,443
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,549.37

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,549.37 $731.35 $0.00 $3,280.72
Yearly $30,592.45 $8,776.21 $0.00 $39,368.66
Total $917,773.60 $263,286.30 $0.00 $1,181,059.90

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Chinquapin, NC).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.