5,000 SqFt
5,000 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $300
Subdivision Not In Subdivision
MLS Listing ID 100536239
Lot Size 5.930 Acres
Acres 5.93
Lot Dimensions 328 x 674
Property Sub-Type Multi Family
Source Hive MLS
Property Description
Situated on 5.93 acres, this property currently includes 7 park-owned mobile homes, all tenant-occupied with long-term residents. Each home is separately metered for public utilities, providing steady cash flow and minimal management headaches. The park generates roughly $6,000/month in rent, with room for upside as current rents are below market — similar 2-bedroom units in the area rent for $1,000-$1,250/month.
With titles in hand and most units from the 1990s, this is a well-positioned, income-producing asset that also offers expansion potential. The land was once a 15-lot mobile home park, and with 5.93 acres of usable space, an investor could add additional homes and restore the park to its full capacity.
The owner currently carries general liability insurance and is responsible for yard maintenance, making this a smooth handoff for new ownership.
Location
State NC
County Brunswick
Community Not In Subdivision
Zoning Co-R-6000
Direction From Hwy 17 - Turn onto Lanvale Road, go 2.6 mi, them make right onto King Rd NE. Go .21mi. parcel is on the right. From Hwy 74 - Take the Mt.Misery/Lanvale Rd NE Leland Exit. Go 1.33mi. Turn left onto King Rd NE. Go .21 mi. The parcel is on the right.
Interior
Heating Electric
Building
Lot Description Open Lot, Wooded
New Construction No
Others
Tax ID 0370002402
Special Listing Condition Standard
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