417 Masontown Rd Newport, NC 28570

This exceptional 5.28-acre property in Newport, North Carolina, presents a lucrative investment opportunity as a thriving mobile home park. Currently housing eleven income-producing units – ten mobile homes and one stick-built house – this park generates substantial monthly revenue. Each mobile home lot commands a $400 monthly rent, while the stick-built home, featuring a long-term tenant, yields $1,000 per month. The stick-built home received a new roof in 2022. The park is zoned for ten lots, but the ample acreage offers significant potential for expansion and increased profitability. Located in a peaceful, private setting, yet conveniently close to downtown Newport, this park enjoys a desirable location. Seller financing is available, making this an even more attractive proposition for discerning investors seeking a strong return on investment in a stable market. The property is situated at 417 Masontown Rd, Newport, NC 28570, in Carteret County. This turnkey operation offers immediate income and the exciting prospect of future growth.