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Listed by RE/MAX EXECUTIVE
$480,000
Est. payment /mo
1,304 SqFt
Pending
417 Masontown RD Newport, NC 28570
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Key Details
Property Type Mobile Home, Commercial
Sub Type Mobile Home Park
Listing Status Pending
Purchase Type For Sale
Square Footage 1,304 sqft
Price per Sqft $368
MLS Listing ID 10163545
HOA Y/N No
Year Built 1956
Annual Tax Amount $1,733
Lot Size 1,304 Sqft
Acres 5.28
Lot Dimensions irregular
Property Sub-Type Mobile Home Park
Source Doorify MLS
Land Area 1304
Property Description
Excellent opportunity to own a well-established mobile home park featuring 10 rental lots plus a stick-built home on-site. All 10 lots are currently rented, with some long-term tenants in place. Rents have been increased in Feb. 2025, so there is a potential for additional rent increases.
Key improvements include well and pressure tanks replaced less than one year ago. The stick-built home features a new roof (2022) and a new bathtub (2023). While the home does require some interior remodeling, it presents a great value-add opportunity for additional income or future resale. The tenant in the stick-built home has been in place for 26 years. All septic tanks were emptied and inspected two years ago and found in good condition.
Key improvements include well and pressure tanks replaced less than one year ago. The stick-built home features a new roof (2022) and a new bathtub (2023). While the home does require some interior remodeling, it presents a great value-add opportunity for additional income or future resale. The tenant in the stick-built home has been in place for 26 years. All septic tanks were emptied and inspected two years ago and found in good condition.
Location
State NC
County Carteret
Area 5.28
Interior
Fireplace No
Exterior
Garage No
Building
New Construction No
Others
Tax ID 633919506295000
Acceptable Financing Cash
Listing Terms Cash
NEARBY SCHOOL & BUSINESS
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