106 Homestead Park DR, Whiteville, NC 28472
106 Homestead Park DR, Whiteville, NC 28472
106 Homestead Park DR, Whiteville, NC 28472
106 Homestead Park DR, Whiteville, NC 28472
106 Homestead Park DR, Whiteville, NC 28472
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Heather Meyers, Realtor

Heather Meyers, Realtor

+1(757) 756-3967
$ 1,195,000
Est. payment | /mo

5.2 Acres Lot

Save
$ 1,195,000
Est. payment | /mo
Save

5.2 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Not In Subdivision

MLS Listing ID 100572962

Lot Size 5.200 Acres

Acres 5.2

Lot Dimensions IRREGULAR

Source Hive MLS

Property Description

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.

Location

State NC

County Columbus

Community Not In Subdivision

Zoning Mobile Home

Direction Directions to Property: From Jefferson Street, turn on Davis Avenue by Exxon, go 0.2 mile, Davis Ave is on left.

Location Details Mainland

Interior

Heating Electric

Exterior

Garage No

Building

New Construction No

Others

Tax ID 0291.03-33-8620.000

Acceptable Financing 1031 Exchange, Assumable, Cash, Seller Financing

Listing Terms 1031 Exchange, Assumable, Cash, Seller Financing

Special Listing Condition Standard

Hive MLS / Savannah / Classic / (NCRMLS) / Cape Fear Realtors / Mountain Lakes Board of Realtors
Listed by East Atlantic Realty LLC

Schools and Properties Nearby

Heather Meyers, Realtor

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(757) 756-3967

heather@heatheryourhomegirl.com

1545 Crossways Blvd 250 #242, Chesapeake, VA 23321, USA

Learn More About LPT Realty

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106 Homestead Park DR

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