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341 Dahlia St

106 Unit Mobile Home Park $1,100,000 ($10,377/Unit) 6.99% Cap Rate Kinston, NC 28504

Investment Highlights

  • Total Spaces: 106 mobile home pads, 43 currently occupied.
  • Potential Upside: Incredible Opportunity for expansion, rental increases, and added amenities.
  • Occupancy Rate: 40%
  • Utilities: Electric provided by Duke Energy. There are two wells on the property providing water and septic is in place for the lots.
  • Lot Size: Approximately 35 acres.

Executive Summary

Welcome to Jackson Heights Mobile Home Park, a well-located mobile home park offering an outstanding investment opportunity. Situated on approximately 35 acres of land, this park features 106 mobile home lots, of which only 43 are occupied. All existing homes are resident-owned homes. As it sits, the park provides a reliable income stream with very minimal overhead.
The park is conveniently located just south of Kinston, NC near the intersection of NC Hwy 11 and NC Hwy 55, close to local amenities, schools, and shopping.
Please note, there are NOT any financials available. We will share the rent roll once the property goes under contract. All current lot rentals are at $200.00 per month.

Property Facts Under Contract

Price $1,100,000
Price Per Unit $10,377
Sale Type Investment
Cap Rate 6.99%
No. Units 106
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Building Class C
Lot Size 0.61 AC
No. Stories 1
Year Built 2000
  • Listing ID: 34058664

  • Date on Market: 12/3/2024

  • Last Updated:

  • Address: 341 Dahlia St, Kinston, NC 28504

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