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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.
|Price||$5,500,000||Lot Size||63.23 AC|
|Sale Type||Investment||Building Size||120,000 SF|
|Cap Rate||11.00%||Average Occupancy||100%|
|No. Units||101||No. Stories||1|
|Property Type||Multifamily||Year Built||1999|
|Property Sub-type||Manufactured Housing/Mobile Home||APN / Parcel ID||8-223-3000|
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.
|Craven County Regional Airport||26 min||13.9 mi|
Adam O'Neal , Broker / Owner
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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