Multifamily

$799,999

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1928 South Park Drive
Newton, NC 28658

  • 1 bed
  • 1 bath
  • 700 sqft
  • ~11 acre lot
  • $1,142 per sqft
  • 1974 build
  • on site

Rare Opportunity to purchase a Mobile Home Park in Newton that offers a Great Gross Income and more importantly - a Great Net Income! This Mobile Home Park includes 32 lots currently rented for $220/month each where tenants own their own mobile homes but pay lot rent each month PLUS 1 mobile home and lot currently rented for $450/month. The property has septic tanks and a large community well at the back of the property that supplies water to the entire park (no water meters on the individual mobile homes but water cost are minimal). Owner is responsible for the water, septic, road maintenance and mowing the common areas of the park but tenants are responsible for mowing around their own mobile homes. Do not miss this rare opportunity to purchase a mobile home park in a great location. Listing Agent is related to sellers. Contact your realtor if you wish to set up a drive thru of the park. *** Please Do NOT disturb tenants! ***

CMLS logo Listing courtesy of CMLS / Carolina Heritage Realty & Auction

Last checked: Checking… • Last updated May 5, 2021 •

MLS# 3721818 —

Amenities & Taxes

The Building

Year Built:
1974
New Construction:
false
Construction Materials:
Other
Construction Type:
Manufactured
Architectural Style:
Other
Sub Type:
Multi-Family
Building Area Total:
700
Porch:
Other
Foundation Details:
See Remarks
Accessibility Features:
Other
Number Of Units Total:
33

Interior

Flooring:
See Remarks
Living Area:
700
Fireplace Features:
Other

Location

Directions:
Hwy 16 South, Right in to South Park. No Sign, State took down for the Right of way easement.
Latitude:
35.635153
Longitude:
-81.163803

The Property

Type:
Residential Income
Structure Type:
Other
Zoning Description:
R-40
Lot Features:
Sloped
Lot Size Area:
11.26
Property Features:
Other
Exterior Features:
Other
Waterfront Features:
None
Road Responsibility:
Private Maintained Road
Road Surface Type:
Asphalt,Dirt,Gravel

Listing Agent

Contact info:

Taxes

Parcel Number:
3659157207070000
Tax Assessed Value:
239400

Beds

Bedrooms Total:
1

Baths

Bathrooms Full:
1

The Listing

Special Listing Conditions:
Subject to Lease,None

Heating & Cooling

Heating:
None

Utilities

Water Source:
Community Well
Sewer:
Septic Installed
Water Heater:
Other

Appliances

Appliances:
Other
Laundry Features:
Other

Schools

Elementary School:
Balls Creek
Middle School:
Mill Creek
High School:
Bandys

The Community

Subdivision Name:
none
Community Features:
None
Pets Allowed:
Conditional
HOA Subject To:
None

Parking

Parking Features:
Other
Main Level Garage:
No

Extra Units

Unit 1 Sq Ft Total:
700
Unit 1 Beds Total:
1
Unit 1 Baths Full:
1

Schools

Rating Details

Balls Creek Elementary School

  • Public
  • K-8
  • 2.0 mi

Mill Creek Middle School

  • Public
  • 6-8
  • 4.4 mi

Bandys High School

  • Public
  • 9-12
  • 4.4 mi

GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.

The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org

Flood Risk

  • FEMA Zone (est.):
  • Flood insurance:

Get an instant insurance quote

This property has minimal flood risk

This property has a . Although flood risks across the country are changing because of the environment, this property is unlikely to flood over the next 30 years.

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Sale history

Date Event Source Price % Change
5/5/21
Sold Subject To Contingencies CMLS $799,999
4/2/21
Listed / Active CMLS $799,999

Finding records…

No additional history available

If new records are added for this property, we’ll share them here.

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1928 South Park Drive
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This multifamily located in NC 28658 is currently for sale for $799,999. 1928 South Park Drive is a 700 square foot multifamily with 1 bed and 1 bath that has been on Estately for 39 days. This multifamily is in the attendance area of Balls Creek Elementary School, Mill Creek Middle School, and Bandys High School.

Canopy MLS

Based on information submitted to the MLS GRID as of 5/11/2021 12:50 am. 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. Properties may or may not be listed by the office/agent presenting the information.

Copyright © 2021 Estately, Inc. Data displayed here has not been verified by Estately.