2602 Erwin Rd Erwin, NC 28339
- Commercial real estate
- 7.00 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2602 Erwin Rd
- Lot size
- 7.00 lot acres
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Erwin
- County
- Harnett
- State
- North Carolina
- Longitude
- -78.6891
- Latitude
- 35.3262
