106 Homestead Park Drive, Whiteville, NC 28472
sale
$1,195,000
|
Other
Courtesy Of East Atlantic Realty LLC
WOW -- This is a true value-add mobile home park opportunity with public utilities already in place, eliminating any concerns about septic systems. The property consists of 36 total pads and sits on over 5 acres, offering substantial upside potential. Currently, there are 21 occupied homes, including 17 park-owned homes and 4 tenant-owned homes, with 15 vacant pads available for immediate expansion and increased income. The current gross rent roll is approximately $14,000 per month, which includes one tenant receiving a discounted rate in exchange for landscaping services. Located approximately one hour from both Wilmington and Myrtle Beach, and just 2 miles from Truist Headquarters in Whiteville, the asset is positioned in a strong growth corridor with multiple demand drivers. This property presents an ideal opportunity to hold now and pursue development approvals or expand by bringing in up to 15 additional trailers to create a true cash-flowing asset. Seller financing is available, making this an attractive opportunity for investors seeking long-term upside and scale.
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Property Features
- Heating System: Electric (Heating)
- Legal Description: Homestead Mobile Home Park
- MLSID: 100572962
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