Hubert, NC 28539
$5,800,000
Property Type:
Comm Sale or Lease
Square Footage:
63,000
Lot Size (sq. ft.):
216,929
Status:
Closed
Current Price:
$5,800,000
List Date:
2/09/2024
Last Modified:
7/26/2024
Description
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.
More Information MLS# 100396780
Contract Info
Available Date: 2023-07-27
Status: Closed
Delayed Marketing?: No
Marketing Start Date: 2023-07-27
Sub-Type: Multi-Family
Garage: N/A
Sale/Lease: Sale
Auction: No
Listing Price: 6000000
Current Price: $5,800,000
List Price/SqFt: 95.24
Stipulation of Sale: None
Location Information
County: Onslow
State/Province: NC
Zip Code: 28539
City Limits: Yes
Marketing City: Hubert
Subdivision: Other
Remarks and Showing
Directions to Property: HWY 24 to Queens Creek Rd to James St.
Sign on Property: No
Building Info
New Construction: No
BuildingExt Features
SqFt - Heated (Primary): 63000
Legal and Taxes
Tax Assessed Value: 374604
Broker Owner: No
PID: 020059
Tax Identifier: 1314-36
Total Real Estate Property Taxes: 2453.66
Special Assessments: None
Tax Year: 2022
Year Built: 1990
Zoning: R-8M
Cobra Zone: No
Status Change Info
Under Contract Date: 2024-04-17
Sold Price: $5,800,000
Sold Date: 2024-07-26
Property Features
Construction: See Remarks
Exterior Finish: Vinyl Siding
Roof: Shingle
Current Use: Mobile Home Park
Heating System Fuel Source: Electric
Water Heater: Electric
Terms: 1031 Exchange; Cash
Listing Office: Nest Realty
Last Updated: July - 26 - 2024
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