Rented Homes on 6 Acres

185 Justice Road, Jacksonville, NC 28540

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For Sale

$375,000

Three rented, remodeled manufactured homes on over 6 acres.

Type:Commercial/Industrial

Property size:

3,472 SF

Lot size:

6.26 Acres

Price / SF:

$108/SF

HighLights

High Income Potential: $52,800 total yearly rental income.
Subdivision Potential: Onslow County approved subdividing the lot to add 2 more units.
Large Lot: Over 6 acres of land with a pond and barn.
Remodeled Units: All three units have been completely remodeled with permitted and inspected work.
Additional Rental Income: Barn is also rented monthly.
Low Property Taxes: Yearly taxes are currently only $750.

We can help!

Listing Contact

Whittney Crouch

Learn more

For Sale

$375,000

Three rented, remodeled manufactured homes on over 6 acres.

Type:Commercial/Industrial

Property size:

3,472 SF

Lot size:

6.26 Acres

Price / SF:

$108/SF

Added:: Feb 8, 2025
Days on Market:: 499
Last Refresh:: May 20 at 1:13 am

Property Features for 185 Justice Road

General Information

Standard status: Active
Size: 3,472 SF
Lot size: 6.26 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1998

We can help!

Listing Contact

Whittney Crouch

Listing agent Whittney Crouch License #285256

Listing office Red Door Realty NC, Inc

Listing date Feb 8, 2025

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Red Door Realty NC, Inc

HighLights

High Income Potential: $52,800 total yearly rental income.
Subdivision Potential: Onslow County approved subdividing the lot to add 2 more units.
Large Lot: Over 6 acres of land with a pond and barn.
Remodeled Units: All three units have been completely remodeled with permitted and inspected work.
Additional Rental Income: Barn is also rented monthly.
Low Property Taxes: Yearly taxes are currently only $750.

Overview

This property features three rented manufactured homes situated on over 6 acres of land, complete with a pond and a barn that is also rented monthly. The property includes two single-wide units, each renting for $1350, and one double-wide unit renting for $1450 per month. The total yearly income is $52,800, with yearly taxes currently at $750. Onslow County zoning has approved the subdivision of the lot to add two more units, with the responsibility for subdividing and conducting soil tests for home size and placement falling to the buyer. All three units have been completely remodeled with permitted and inspected work prior to the tenants moving in. The property size is 3472 square feet.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$60.4k	$17.40
− Vacancy	−$3.0k	−$0.87
EGI	$57.4k	$16.53
− OpEx	−$25.8k	−$7.44
NOI	$31.6k	$9.09

3,472 SF · lease $17.40/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$450.9K

$394.6K – $526.1K (±1% cap)

NOI $31,566 @ 7.0% cap · market cap 8.42%

Second Best

—

no second resolved use

Theoretical Best

Office A

$754.2K

$660.0K – $880.0K (±1% cap)

NOI $52,797 @ 7.0% cap · market cap 14.08%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Mobile home & RV ...

Suggested Use

Location Insight

Map
Local Demand

City: Jacksonville
County: Onslow
State: North Carolina
Longitude: -77.5067
Latitude: 34.7473

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For sale
Mobile home & RV parks
NC
Jacksonville
28540
185 Justice Road

What type of property is this?

Mobile home & RV park - Three rented, remodeled manufactured homes on over 6 acres.

Where is this mobile home & rv park located?

The property is located at 185 Justice Road Jacksonville, NC.

What is the asking price?

The asking price for this property is $375,000.

What are key features of this property?

This property features: High Income Potential: $52,800 total yearly rental income.; Subdivision Potential: Onslow County approved subdividing the lot to add 2 more units.; Large Lot: Over 6 acres of land with a pond and barn.