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Hubert NC, 28539

$6,000,000

MLS #: 100396780
Area: Other
Approx. Heated Sq Ft: 216929
Year Built: 1990
Status: Pending
Type: Commercial
Construction: See Remarks

Remarks: Presenting Dawson Pointe, Heron Point, James Pointe and Piney Grove mobile home parks located in the Jacksonville, NC market totaling 84 park-owned homes across a combined +/-20 acres. All homes were manufactured in the 1990's or newer with a majority renovated, the parks are well kept with lawn care and very little deferred maintenance. Onslow County R-8M zoning allows for mobile home parks by-right in addition to high density single family and multifamily development. Each park has exhibited strong rental history and rent increases with more room for future increases to provide an excellent value-add opportunity on top of the currently robust investment profile.The Jacksonville MSA includes the City of Jacksonville, North Topsail Beach, the town of Swansboro and Camp Lejeune. US 17 and NC 24 run through the area, serving as direct conduits for local, interstate and international commerce as well as access to the Crystal Coast beaches of Emerald Isle, Pine Knoll Shores and Atlantic Beach. Camp Lejeune includes the II Marine Expeditionary Force and Marine Corps Forces Special Operations Command, consisting of over 32,000 servicemembers. The ancillary economy creates a strong demand for affordable housing.

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