417 Masontown RdNewport, NC 28570
- Land
- 5.28 AC
Property Details for 417 Masontown Rd
- Lot size
- 5.28 AC
- Property type
- Land
Description
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.
Location Insight
- City
- Newport
- County
- Carteret
- State
- North Carolina
- Latitude
- 34.8041
- Longitude
- -76.8824
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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