108 Smith Mhp LN Chinquapin, NC 28521
UPDATED:
Key Details
Property Type 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 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
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 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
Exterior
Present Use Residential,Multi-Family,Mobile Home Park
Garage No
Building
Water Public
New Construction No
Others
Tax ID 08-2256- 1- & 08-2256- 1- 1
Special Listing Condition Standard