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    2602 Erwin Rd Erwin, NC 28339

    Sponsored
    For Sale
    $300,000

    High-Yield Mobile Home Park in Erwin, NC

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    Exceptional investment opportunity: a 6.5-acre mobile home park in Erwin, NC, strategically located off I-95 and Hwy 421. Currently boasting 8 rented lots with 15 individual PIN addresses, this property presents significant upside potential. The existing lots generate monthly rental income, with most tenants paying $125 per month. The seller does not own any of the mobile homes situated on the lots. The property is situated within Erwin city limits, providing access to convenient city water and sewer services. This prime location offers easy access to Fort Bragg, Campbell University, two hospitals, a dental school, and ample shopping amenities. The expansive acreage allows for substantial expansion, with the potential to accommodate up to 32 lots. This presents a unique opportunity for an investor to increase revenue streams through additional lot rentals or explore alternative development options, such as constructing houses, apartments, or storage buildings. The property's high rental income and development potential make it an attractive investment prospect with considerable long-term growth potential. The current infrastructure and convenient location minimize initial investment costs and maximize potential returns. This is a rare chance to acquire a well-established mobile home park with significant room for expansion in a thriving community.

    Property Features for 2602 Erwin Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    304,920 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Erwin
    County
    Harnett
    State
    North Carolina
    Longitude
    -78.6891
    Latitude
    35.3262

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - High-Yield Mobile Home Park in Erwin, NC
    Where is this commercial real estate located?
    The property is located at 2602 Erwin Rd Erwin, NC.
    What is the asking price?
    The asking price for this property is $300,000.
    (888) 455-6040
    Request Owner's contact information
    2602 Erwin Rd Erwin, NC 28339
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    Erwin, NC 28339
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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
    2602 Erwin Rd Erwin, NC 28339
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