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    108 Smith Mhp Ln Chinquapin, NC 28521

    Pending
    For Sale
    $1,510,870

    MULTI_FAMILY - Chinquapin, NC

    Property size:
    16,345 SF
    Lot size:
    7.38 Acres
    Days on Market:
    28
    Last Refresh:
    Dec 7 at 11:06 am

    Property Features for 108 Smith Mhp Ln

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Zoning
    R-8M & Unzoned
    APN
    08-2256- 1- & 08-2256- 1- 1
    Size
    16,345 SF
    Lot size
    7.38 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Electric (Heating)
    Water source
    Public

    Carolina Summit Group, LLC (910) 684-5353

    Listing agent Lee Pittman (910) 638-8108 License #340689

    Listing date Nov 10, 2025

    Copyright © 2025 Hive MLS / Topsail Island Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Value-Add Mobile Home Parks

    This offering features two mobile home park investments located in Eastern North Carolina. One property, Cornerstone Mobile Home Park, is situated on Haws Run Road in Jacksonville, Onslow County, encompassing approximately 1.68 acres. It includes 13 pads with 11 existing units. Zoned R-8M (Residential-8 Manufactured Housing), the property offers potential for expansion or improvements to increase income within the growing Jacksonville market. The second property, Smiths Mobile Home Park, is located off Ludie Brown Road in Chinquapin, Duplin County, and consists of two tracts totaling approximately 5.71 net acres. It features 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 a Net Operating Income (NOI) of $151,087, offering a cap rate of 10%. These properties provide investors with strategic opportunities to enhance income in two North Carolina markets.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Map

    City
    Chinquapin
    County
    Duplin
    State
    North Carolina
    Longitude
    -77.77343
    Latitude
    34.826028

    Nearby Similar for Sale

    • $1,510,870
      Pending

      Value-Add Mobile Home Park Investment

      Two mobile home parks in Eastern North Carolina with income potential.
      109 Smiths Mhp Ln, Chinquapin, NC 28521
      View Details
    • $129,900
      5,800 SF

      Prime Chinquapin Commercial Property

      12-Acre Lot, 5800 sq ft Building
      2602 Nc 41 Hwy, Chinquapin, NC 28521
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Two mobile home parks with income enhancement opportunities.
    Where is this mobile home & rv park located?
    The property is located at 108 Smith Mhp Ln Chinquapin, NC.
    What is the asking price?
    The asking price for this property is $1,510,870.
    What are key features of this property?
    This property features: - Combined NOI of $151,087 offering a 10% cap rate.; - Two value-add mobile home park investments in Eastern North Carolina.; - Cornerstone Mobile Home Park has potential for expansion or improvements due to R-8M zoning.
    (910) 638-8108
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108 Smith Mhp Ln Chinquapin, NC 28521
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