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Listed by RE/MAX EXECUTIVE
$ 494,900
Est. payment /mo
Active
417 Masontown Road Newport, NC 28570
1,304 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mobile Home Park
Listing Status Active
Purchase Type For Sale
Square Footage 1,304 sqft
Price per Sqft $379
MLS Listing ID 10163545
Abv Grd Liv Area 1,304
Year Built 1956
Annual Tax Amount $1,733
Lot Size 5.280 Acres
Acres 5.28
Property Sub-Type Mobile Home Park
Source Triangle MLS
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
Direction US 258 S/US-70 E, right onto Masontown Rd.
Exterior
Private Pool No
Building
Faces US 258 S/US-70 E, right onto Masontown Rd.
Story 1
Level or Stories 1
Structure Type Frame
New Construction No
Others
Senior Community No
Tax ID 633919506295000
Special Listing Condition Standard
GET MORE INFORMATION
Russell Copersito Jr
Commercial Specialist | Broker | License ID: 339343
+1(919) 899-2662 | russell@thecopersitogroup.com