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$ 1,400,000
Est. payment | /mo
5.2 Acres Lot
$ 1,400,000
Est. payment | /mo
5.2 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Not In Subdivision
MLS Listing ID 100572962
Lot Size 5.200 Acres
Acres 5.2
Lot Dimensions IRREGULAR
Source Hive MLS
Property Description
WOW -- This is a true value-add mobile home park opportunity with public utilities already in place, eliminating any concerns about septic systems. The property consists of 36 total pads and sits on over 5 acres, offering substantial upside potential. Currently, there are 21 occupied homes, including 17 park-owned homes and 4 tenant-owned homes, with 15 vacant pads available for immediate expansion and increased income. The current gross rent roll is approximately $14,000 per month, which includes one tenant receiving a discounted rate in exchange for landscaping services. Located approximately one hour from both Wilmington and Myrtle Beach, and just 2 miles from Truist Headquarters in Whiteville, the asset is positioned in a strong growth corridor with multiple demand drivers. This property presents an ideal opportunity to hold now and pursue development approvals or expand by bringing in up to 15 additional trailers to create a true cash-flowing asset. Seller financing is available, making this an attractive opportunity for investors seeking long-term upside and scale.
Location
State NC
County Columbus
Community Not In Subdivision
Zoning Mobile Home
Direction Directions to Property: From Jefferson Street, turn on Davis Avenue by Exxon, go 0.2 mile, Davis Ave is on left.
Location Details Mainland
Interior
Heating Electric
Exterior
Garage No
Building
New Construction No
Others
Tax ID 0291.03-33-8620.000
Acceptable Financing 1031 Exchange, Assumable, Cash, Seller Financing
Listing Terms 1031 Exchange, Assumable, Cash, Seller Financing
Special Listing Condition Standard
Listed by East Atlantic Realty LLC
Nearby Locations