102 Chappin Street, Chadbourn, NC 28431

$749,500
  • 102 Chappin Street, Chadbourn, NC 28431 Main Photo

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Active
MLS#100572520
STATUSActive PROPERTY TYPECommercial - Business

Property Description

Strong cash-flowing mobile home park investment featuring 15 total pads, offering immediate scale and built-in room for future growth. The community currently includes 13 total units (11 income-producing homes plus 1 tenant-owned lot) generating approximately $6,110/month in gross rental income, delivering strong day-one cash flow and stable, consistent monthly revenue.Ideally positioned within driving proximity to both Wilmington, NC and Myrtle Beach, SC, this location benefits from strong regional demand drivers including coastal employment hubs, tourism activity, and ongoing housing shortages, supporting long-term tenant stability and rent growth potential.This turnkey manufactured housing community provides investors with a highly efficient, low-overhead operation where the landlord is responsible for insurance only--no other operating expenses, significantly enhancing net cash flow and simplifying management. The property includes a mix of park-owned and tenant-owned homes with individually metered utilities, allowing tenants to pay their own utility expenses and further maximizing net operating income (NOI).The rent roll is well-established with long-term, reliable tenants, producing a steady and predictable income stream with minimal operational involvement. Additionally, the 15-pad layout provides clear upside potential for future expansion through additional home placements or improved occupancy while maintaining strong in-place cash flow.This mobile home park for sale is ideal for investors seeking stable cash flow, passive income, and long-term appreciation potential without heavy repositioning or redevelopment. The property performs well as-is and represents a straightforward investment in a consistently high-demand segment of the affordable housing market.

102 Chappin Street | MLS# 100572520

This commercial property located at 102 Chappin Street, Chadbourn, NC 28431 is currently listed for sale with an asking price of $749,500. Search Chadbourn real estate on chelseybabb.century21thomas.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 1.71 Acres

Feature Descriptions

Days on Site: 19
Lot Dimensions: IRREGULAR
Parcel#: 0251.03-10-6118.000
Units: 12

Listed By / Shown By

Listed By

Agency Name: East Atlantic Realty LLC
Agency Phone: 704-962-2077

Shown By

Agent Name: Chelsey Babb
Agent Phone: Cell: (843) 241-5747
Agency Title: CENTURY 21 Thomas

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