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450 Gracie Farms Rd - Gracie Farm Mobile Home Park

101 Unit Mobile Home Park Offered at $5,500,000 at a 11% Cap Rate in New Bern, NC

Highlights

  • Property has paved roadways in park and has excess land for possible expansion.
  • The mobile home park is located 3.4 miles from direct access to Route 70.
  • Property is a few minutes drive to nearby tenants Walmart, Roses, Dollar General and Burger King.
  • New Bern lies in Craven County and is 112 miles East of Raleigh and 80 miles northeast of Wilmington.

Investment Summary

The total revenues are $832,000 annually. 101 of the lots are park owned and 23 are rented.

The Offering

  • Listing ID: 15640804
  • Date Created: 4/5/2019
  • Last Updated:

ABOUT 450 Gracie Farms Rd , New Bern, NC 28560

This is a 124 lot mobile home park of which 101 are park owned homes and 23 are lot rented. The park has paved roads and city water. Th park has 1 for 1 septic's. All utilities are billed directly to tenants.

Airport

Drive Distance
Craven County Regional Airport 26 min 13.9 mi
Bike Score ®
31
Somewhat Bikeable
What is a Walk Score®, Transit Score® & BikeScore®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Sale Advisor

252-945-7550 Contact
Adam O'Neal , Broker / Owner
252-945-7550 Contact
Adam is a 19 year real estate veteran with extensive experience with income producing properties. Adam's specialized knowledge is focused on agriculture, waterfront development, mobile home parks, RV Parks, and mini storage.


Adam is a 1991 graduate of N.C. State with a B.A. in Business Management.

Adam is a father to 4 teenagers and his favorite pastime is his children's ball games. Adam also served 12 years as his community mayor in Belhaven, NC.

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

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