For Sale
$599,900

417 Masontown Rd Newport, NC 28570

11-unit income property, 5.28 acres

Overview

Added:
Dec 11, 2024
Days on market:
137
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.

Highlights

  • 5.28-acre mobile home park in Newport, NC generating substantial monthly income.
  • Eleven income-producing units: ten mobile homes ($400/month each) and one stick-built house ($1000/month).
  • Stick-built home features a new roof (2022) and a long-term tenant.
  • Zoned for ten lots, with expansion potential on ample acreage.
  • Desirable location: peaceful, private setting near downtown Newport.
  • Seller financing available.

Property Details for 417 Masontown Rd

Property type
Land
Lot Size (sq. ft)
229,997 SF

Location Insight

City
Newport
County
Carteret
State
North Carolina
Latitude
34.8041388
Longitude
-76.8824439

FAQs

What type of property is this?
Land - 11-unit income property, 5.28 acres
Where is the land located?
The property is located at 417 Masontown Rd Newport, NC.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: 5.28-acre mobile home park in Newport, NC generating substantial monthly income.; Eleven income-producing units: ten mobile homes ($400/month each) and one stick-built house ($1000/month).; Stick-built home features a new roof (2022) and a long-term tenant.
How can I contact the broker?
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417 Masontown Rd
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