417 Mason Town Road, Newport, NC 28570
- $480,000
- 1,304
- SqFt
- List Price
- $480,000
- Status
- ACTIVE UNDER CONTRACT
- Days on Market
- 95
- Price Change
- ▼ $14,900 1783032443
- MLS#
- 4377988
- Year Built
- 1956
- Living Area
- 1,304
- Lot Size
- 229,996
- Acres
- 5.28
Property Description
Excellent opportunity to own a well-established mobile home park featuring 10 rental lots plus a stick-built home on-site. All 10 lots are currently rented, with some long-term tenants in place. Rents have been increased in Feb. 2025, so there is a potential for additional rent increases. Key improvements include well and pressure tanks replaced less than one year ago. The stick-built home features a new roof (2022) and a new bathtub (2023). While the home does require some interior remodeling, it presents a great value-add opportunity for additional income or future resale. The tenant in the stick-built home has been in place for 26 years. All septic tanks were emptied and inspected two years ago and found in good condition.
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Additional Information
- Appliances
- None
- Heating
- Central
- Air Conditioning
- Other - See Remarks
- Exterior Construction
- Site Built
- Foundation
- None
- Parking
- Driveway
- Elementary School
- Unspecified
- Middle School
- Unspecified
- High School
- Unspecified
Listing courtesy of RE/MAX Executive. jamiepurvisrealtor@yahoo.com
“ Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Some IDX listings have been excluded from this website. Properties may or may not be listed by the office/agent presenting the information © 2026 Canopy MLS as distributed by MLS GRID”
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