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32319536
32319532

417 MASONTOWN RD, NEWPORT, NC 28570-7000 For Sale

JP
283426
RE/MAX Executive
Listed by RE/MAX Executive
Unpriced
71 days on market
Updated 2 days ago
Under Contract

417 Masontown Road

Details
APN 633919506295000
Property Type Mobile Home Park
Square Footage 1,840
Units 10
Year Built 1956
Stories 1
Acreage 5.280
Zoning R-20

Trailer Park

Investment highlights

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.

Listing Contacts

JP
283426
RE/MAX Executive
Listed by RE/MAX Executive

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