108 Smith Mhp Lane, Chinquapin, NC 28521
$1,510,870
Property Type:
Comm Sale or Lease
Square Footage:
16,345
Lot Size (sq. ft.):
321,473
Status:
Pending
Current Price:
$1,510,870
List Date:
9/24/2025
Last Modified:
11/10/2025
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 $151,087, offering a cap rate of 10%, and provide investors with strategic opportunities to enhance income in two North Carolina markets.
More Information MLS# 100532380
Building/Ext Features
Lot Acres: 7.38
Lot SqFt: 321473
Lot Dimensions: See Plats in MLS Docs
Location Type: Mainland
Contract Info
Delayed Marketing?: No
Sub-Type: Multi Family
Garage: N/A
Sale/Lease: Sale
List Price/SqFt: 92.44
Stipulation of Sale: Standard
Status: Pending
Marketing Start Date: 2025-09-22
Listing Price: 1510870
Current Price: $1,510,870
Location Information
City Limits: No
Secondary Subdivision: N/A
Street #: 108
Street Name: Smith Mhp
Street Suffix: Lane
County: Duplin
State/Province: NC
Zip Code: 28521
Subdivision: Not In Subdivision
Geo Lat: 34.826028
Geo Lon: -77.77343
Remarks and Showing
Sign on Property: No
Directions to Property: 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
Building Info
New Construction: No
Legal and Taxes
Tax Assessed Value: 291260
Deed Book: 2095
Deed Page: 322
Legal: OFF SR 1105 3002/326 01/10/2008 1.6800 Acres, TR. A 2023 : RS AND JS INVESTMENTS LLC, TR. B 2026:RS AND JS INVESTMENTS
Broker Owner: No
PID: See Remarks
Tax Identifier: 08-2256- 1- & 08-2256- 1- 1
Plat Book: See MLS Docs
Plat Page: See MLS Docs
Special Assessments: none
Tax Year: 2025
Zoning: R-8M & Unzoned
Cobra Zone: No
Current Use
Multi-Family: 1
Residential: 1
Sale/Lease Includes
Buildings: 1
Land: 1
Location
Residential: 1
Heating System Fuel Source
Electric: 1
Water Source
Municipal Water: 1
Sewer
Septic Tank: 1
Financial Info
Net Operating Income: 151087
Cap Rate %: 10
BuildingExt Features
SqFt - Heated (Primary): 16345
Status Change Info
Under Contract Date: 2025-11-10
Property Features
Current Use: Multi-Family; Residential
Location: Residential
Heating System Fuel Source: Electric
Sewer: Septic Tank
Water Source: Municipal Water
Listing Office:
Carolina Summit Group, LLC
IDX
Last Updated: November - 10 - 2025
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