417 Masontown Road, Newport, NC 28570 - Carteret County

Assumable Loan 5% with $139,000 balance. Mobile home park with 11 income-producing properties 10 income-producing mobile home lots plus 1 stick-built home with a long-term tenant on a 5.28 acre lot.

This park is currently permitted for 10 lots, but its acreage offers an opportunity for growth! Lot rent for all homes is currently $400 a month. The stick-built home with a long-term tenant is currently paying $1000/month. New roof put on stick built home in 2022. This park offers tenants a quiet, private setting close to downtown Newport!

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