This Multifamily Property is no longer advertised on LoopNet.com.

450 Gracie Farms Rd
New Bern, NC 28560
Lakeside Mobile Home Community · Multifamily Property For Sale · 120,000 SF

Property Facts

No. Units 101
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Garden
Building Class B
Lot Size 63.23 AC
Building Size 120,000 SF
Average Occupancy 100%
No. Stories 1
Year Built 1999

About 450 GRACIE FARMS RD , NEW BERN, NC 28560

Gracie Farm Mobile Home Park is a 124 lot mobile home park with total revenue of $832,000 annually which correlates to an 11% cap rate. 101 of the lots are park owned and 23 are rented with the ability to expand the mobile home park further. The mobile park has access to paved roads and city water. The park includes one for one septic's and all utilities are billed directly to tenants. The park spans across 63.23 acres of land in New Bern, North Carolina which is about 112 miles east of Raleigh and 80 miles northeast of Wilmington.

Property Taxes

Property Taxes

Parcel Number
8-223-3000
Land Assessment
$596,340
Improvements Assessment
$2,744,300
Total Assessment
$3,340,640
  • Listing ID: 15640804

  • Date on Market: 4/5/2019

  • Last Updated:

  • Address: 450 Gracie Farms Rd, New Bern, NC 28560

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