Two Mobile Home Park
For Sale
$1,147,217
629 Howard Rd, Jacksonville, NC 28540
Two value-add manufactured housing parks with existing pads and units, offering room to expand or improve operations across two Eastern NC markets.
Days on Market311
Property Features for 629 Howard Rd
General Information
Standard status
Active
Financials
Cap Rate
11%
Business Included
Yes
Listing Agency:
CAROLINA SUMMIT GROUP #1
(910) 638-8108
Listed By:
LEE PITTMAN · License #340689
(910) 638-8108
Source:
Exprealty
Added: Sep 24, 2025
Changed: Jul 10
Last Checked: Jul 30 at 4:07PM
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 CAROLINA SUMMIT GROUP #1
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, on approximately 1.68 acres with 13 pads and 11 existing units. The property is zoned R-8M (Residential-8 Manufactured Housing), supporting potential for expansion or improvements. Smiths Mobile Home Park includes two tracts totaling approximately +/- 5.71 net acres in Chinquapin, Duplin County, with 8 pads and 7 existing homes.
Smiths is served by septic systems and county water and is considered unzoned under Duplin County land use ordinances. Both parks are within half a mile of a Voluntary Agricultural District, providing context for the surrounding land-use environment.
The combined package is reported to generate an NOI of $126,194 with a 11% cap rate, offering investors a structured way to evaluate improvements and operational enhancements across two markets. Cornerstone’s R-8M zoning and pad count provide a clear basis for potential site work and underwriting assumptions tied to its existing manufactured housing configuration. Smiths’ septic and county water service supports consideration of ongoing utility management and resident operations within its two-tract layout and current pad inventory.
Smiths is served by septic systems and county water and is considered unzoned under Duplin County land use ordinances. Both parks are within half a mile of a Voluntary Agricultural District, providing context for the surrounding land-use environment.
The combined package is reported to generate an NOI of $126,194 with a 11% cap rate, offering investors a structured way to evaluate improvements and operational enhancements across two markets. Cornerstone’s R-8M zoning and pad count provide a clear basis for potential site work and underwriting assumptions tied to its existing manufactured housing configuration. Smiths’ septic and county water service supports consideration of ongoing utility management and resident operations within its two-tract layout and current pad inventory.
Key Highlights
- Two manufactured housing park investments in Eastern North Carolina with value‑add opportunities to increase income.
- Cornerstone Mobile Home Park (Jacksonville, Onslow County): ~1.68 acres with 13 pads and 11 existing units.
- Cornerstone is zoned R‑8M (Residential‑8 Manufactured Housing).
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 28540, NC
49,739
Population
21,466
Households
2.3
Avg Household Size
32
Median Age
23%
College-Educated
92%
High-School Grad
110.3 sq mi
ZIP Area
451
Density / Sq Mi
$61,462
Median Household Income
$32,313
Median Earnings
$1,014
Median Rent
$201,700
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 manufactured housing parks with existing pads and units, offering room to expand or improve operations across two Eastern NC markets.
Where is this mobile home & rv park located?
The property is located at 629 Howard Rd Jacksonville, 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 manufactured housing park investments in Eastern North Carolina with value‑add opportunities to increase income.; Cornerstone Mobile Home Park (Jacksonville, Onslow County): ~1.68 acres with 13 pads and 11 existing units.; Cornerstone is zoned R‑8M (Residential‑8 Manufactured Housing).
