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Mobile Home Park Portfolio

109 Smiths MHP Lane Chinquapin, NC 28521

109 Smiths MHP Lane, Chinquapin, NC, 28521

$1,147,217

Pending

For Sale

$1,147,217

Pending

MULTI_FAMILY - Chinquapin, NC

Lot Size5.71 Acres

Days on Market301

Property Features for 109 Smiths MHP Lane

General Information

Property type: Residential Multi Family
Property subtype: Other
Standard status: Pending
APN: 08-2256- 1- & 08-2256- 1- 1
Lot size: 5.71 Acres

Taxes and HOA fees

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 LLC 2011:CHERYL S. RHODES 2023:SOLD 2.62 AC TO JONATHAN FORMYDUVAL 2023:SPLIT .04 AC TO RS AND JS INVESTMENTS LLC

Utilities

Sewer type: Septic Tank
Water source: Public

Listing agency CAROLINA SUMMIT GROUP #1

Listed by Lee PITTMAN · License #340689

Added: Sep 24, 2025 Updated: Jul 10 at 1:26PM Checked: Jul 21 at 9:06AM

MLS# 750811

Investment Insights

Based on property information with market context.

This offering includes two value-add mobile home park investments in Eastern North Carolina. Cornerstone Mobile Home Park is located on Haws Run Road in Jacksonville, Onslow County, and sits on approximately 1.68 acres with 13 pads and 11 existing units. Smiths Mobile Home Park is located off Ludie Brown Road in Chinquapin, Duplin County, consisting of two tracts totaling approximately +/- 5.71 net acres with 8 pads and 7 existing homes. Smiths Mobile Home Park is served by septic systems and county water, while Cornerstone Mobile Home Park is zoned R-8M (Residential-8 Manufactured Housing).

Both properties are within half a mile of a Voluntary Agricultural District. Smiths Mobile Home Park is considered unzoned under Duplin County land use ordinances.

For investors and operators, the portfolio provides a straightforward platform with established pad counts and in-place homes across two markets. Combined, the parks currently generate an NOI of $126,194, with a stated cap rate of 11%, and offer opportunities for income enhancement through property improvements and potential expansion where permitted by the existing land use framework.

Key Highlights

Two mobile home park investments in Eastern North Carolina: Cornerstone in Jacksonville (Onslow County) and Smiths in Chinquapin (Duplin County)
Cornerstone Mobile Home Park: approx. 1.68 acres with 13 pads and 11 existing units on Haws Run Road; zoned R‑8M (Residential‑8 Manufactured Housing)
Smiths Mobile Home Park: two tracts totaling approx. +/-5.71 net acres with 8 pads and 7 existing homes off Ludie Brown Road; unzoned under Duplin County land use ordinances

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Mobile home & RV ...

Suggested Use

For sale
Mobile home & RV parks
NC
Chinquapin
28521
109 Smiths MHP Lane

What type of property is this?

Mobile home & RV park - Two mobile home parks with existing pads and units, served by county water and septic, generating current income.

Where is this mobile home & rv park located?

The property is located at 109 Smiths 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 (Onslow County) and Smiths in Chinquapin (Duplin County); Cornerstone Mobile Home Park: approx. 1.68 acres with 13 pads and 11 existing units on Haws Run Road; zoned R‑8M (Residential‑8 Manufactured Housing); Smiths Mobile Home Park: two tracts totaling approx. +/-5.71 net acres with 8 pads and 7 existing homes off Ludie Brown Road; unzoned under Duplin County land use ordinances