Mobile Home Park
For Sale
$1,147,217
Pending
108 Smith Mhp Lane, Chinquapin, NC 28521
MULTI_FAMILY - Chinquapin, NC
Property Size16,345 SF
Lot Size7.38 Acres
Days on Market313
Property Features for 108 Smith Mhp Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-8M & Unzoned
Subdivision
Not In Subdivision
Directions
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
Standard status
Pending
APN
08-2256- 1- & 08-2256- 1- 1
Size
16,345 SF
Lot size
7.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
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
Legal Description
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
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating)
Water source
Public
Listing Agency:
Carolina Summit Group, LLC
(910) 684-5353
Listed By:
Lee Pittman · License #340689
(910) 638-8108
Added: Sep 22, 2025
Changed: Jul 10
Last Checked: Jul 31 at 2:06AM
MLS# 100532380
Copyright © 2026 Hive MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering includes two mobile home park investments in Eastern North Carolina. Cornerstone Mobile Home Park is on Haws Run Road in Jacksonville, Onslow County, on approximately 1.68 acres with 13 pads and 11 existing units. It is zoned R-8M (Residential-8 Manufactured Housing). Smiths Mobile Home Park is located off Ludie Brown Road in Chinquapin, Duplin County, with two tracts totaling approximately +/- 5.71 net acres, 8 pads, and 7 existing homes. The Smiths park is served by septic systems and county water and is considered unzoned under Duplin County land use ordinances.
Both parks are listed within about half a mile of a Voluntary Agricultural District. Cornerstone is positioned in Onslow County, while Smiths is in Duplin County. The combined offering is sized at approximately 7.38 acres total lot area across the two properties.
For investors, the opportunity combines existing revenue with value-add positioning across two markets. The portfolio generates an indicated NOI of $126,194 and is underwritten at an 11% cap rate, with the potential to pursue expansion and/or improvements based on the number of pads and existing unit counts at each park. The mix of R-8M zoning on one property and unzoned status on the other provides flexibility for operators evaluating near-term upgrades and operational execution.
Both parks are listed within about half a mile of a Voluntary Agricultural District. Cornerstone is positioned in Onslow County, while Smiths is in Duplin County. The combined offering is sized at approximately 7.38 acres total lot area across the two properties.
For investors, the opportunity combines existing revenue with value-add positioning across two markets. The portfolio generates an indicated NOI of $126,194 and is underwritten at an 11% cap rate, with the potential to pursue expansion and/or improvements based on the number of pads and existing unit counts at each park. The mix of R-8M zoning on one property and unzoned status on the other provides flexibility for operators evaluating near-term upgrades and operational execution.
Key Highlights
- Two mobile home park investments in Eastern North Carolina: Cornerstone in Jacksonville and Smiths in Chinquapin
- Cornerstone Mobile Home Park: approx. 1.68 acres, 13 pads with 11 existing units on Haws Run Road (Onslow County), zoned R‑8M
- Smiths Mobile Home Park: approx. +/- 5.71 net acres across two tracts with 8 pads and 7 existing homes off Ludie Brown Road (Duplin County)
Property Analytics
Current Use
Lease Details
18
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 28521, NC
1,952
Population
937
Households
2.1
Avg Household Size
45
Median Age
10%
College-Educated
91%
High-School Grad
41.4 sq mi
ZIP Area
47
Density / Sq Mi
$50,437
Median Household Income
$28,221
Median Earnings
$106,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Two value-add mobile home parks with multiple pads, existing units, and utilities designed for continued resident occupancy.
Where is this mobile home & rv park located?
The property is located at 108 Smith Mhp Lane Chinquapin, NC.
What is the asking price?
The asking price for this property is $1,147,217.
What are key features of this property?
This property features: Two mobile home park investments in Eastern North Carolina: Cornerstone in Jacksonville and Smiths in Chinquapin; Cornerstone Mobile Home Park: approx. 1.68 acres, 13 pads with 11 existing units on Haws Run Road (Onslow County), zoned R‑8M; Smiths Mobile Home Park: approx. +/- 5.71 net acres across two tracts with 8 pads and 7 existing homes off Ludie Brown Road (Duplin County)
