About 108 Smith Mhp Lane
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.
Features of 108 Smith Mhp Lane
| MLS® # | 100532380 |
|---|---|
| Price | $1,510,870 |
| Acres | 7.38 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 108 Smith Mhp Lane |
|---|---|
| Subdivision | Not In Subdivision |
| County | Duplin |
| State | NC |
| Zip Code | 28521 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Electric |
|---|---|
| Fireplace | No |
Additional Information
| Date Listed | September 22nd, 2025 |
|---|---|
| Days on Market | 3 |
| Zoning | R-8M & Unzoned |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Carolina Summit Group, LLC |
|---|