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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


  • 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.


Drive Distance
Craven County Regional Airport 26 min 13.9 mi
Bike Score ®
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.

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