341 Dahlia St - Manufactured Housing/Mobile Housing FOR SALE


Kinston, NC 28504
$1,100,000 USD
252-355-7006
341 Dahlia St, Kinston, NC for Sale
$1,100,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/10

341 Dahlia St
Kinston, NC 28504


HIGHLIGHTS

  • Total Spaces: 106 mobile home pads, 43 currently occupied.
  • Utilities: Electric provided by Duke Energy. There are two wells on the property providing water and septic is in place for the lots.
  • Potential Upside: Incredible Opportunity for expansion, rental increases, and added amenities.
  • Lot Size: Approximately 35 acres.
  • Occupancy Rate: 40%

OVERVIEW

Welcome to Jackson Heights Mobile Home Park, a well-located mobile home park offering an outstanding investment opportunity. Situated on approximately 35 acres of land, this park features 106 mobile home lots, of which only 43 are occupied. All existing homes are resident-owned homes. As it sits, the park provides a reliable income stream with very minimal overhead. The park is conveniently located just south of Kinston, NC near the intersection of NC Hwy 11 and NC Hwy 55, close to local amenities, schools, and shopping. Please note, there are NOT any financials available. We will share the rent roll once the property goes under contract. All current lot rentals are at $200.00 per month.

FOR SALE DETAILS

PRICE

$1,100,000 USD

# OF UNITS

106

PRICE/UNIT

$10,377

CAP RATE

6.99%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,720 SF

ZONING

-

APN/PARCEL ID

450302760534L03

ASK ABOUT THIS PROPERTY

Michael OvertonThe Overton GroupMore Info
252-355-7006

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Michael OvertonThe Overton GroupMore Info
252-355-7006

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.