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| Bedrooms: | 0 | Full Bathrooms: | 0 | Half Bathrooms: | 0 |
| Type: | Multi Family | Sub Type: | Multi Family | MLS Number: | 9980342 |
| Living Area: | 0 | Lot Acreage: | 5 | Year Built: | 2023 |
| Elementary School: | Belfst Elk Grdn | Middle School: | Lebanon | High School: | Lebanon |
Property Description
Amazing investor opportunity! This Mobile Home Park is not just cash flowing out of the gate, but is positioned for further growth as you build your investment portfolio. Situated on 5 acres in Southwest Virginia, this Mobile Home Park consists of 4 units, with one unit being park-owned. The additional three units are lot rent only. With current rents producing an annual income of $22,800 and room to expand significantly, you can see the opportunity that awaits. To make the deal even better, the utilities are billed directly to the tenants, which leaves minimal expenses to the owner (insurance, taxes, lawn care). The park-owned home is a 2023 two-bedroom, two-bath home.
IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN
Listing Status
Active
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More Listing Info
AC:See Remarks11 true Contract Info:Foreclosure No Easements:See Remarks18 true Exterior Finish:See Remarks3 true General Property Description:Acres 5.4 General Property Description:Elementary School3 Belfst Elk Grdn General Property Description:High School3 Lebanon General Property Description:HOA YN No General Property Description:Lot Dimensions See acreage General Property Description:Middle School2 Lebanon General Property Description:Total Units 4 General Property Description:Zoning2 Res Heating:See Remarks10 true Income and Expenses:Gross Annual Income 22800 Levels:One true Location Tax Legal Info:City Taxes 0.0 Location Tax Legal Info:County Taxes 0.0 Location Tax Legal Info:Deed Page # 4 Remarks Misc:Directions3 Head northeast on US-19 N. Make a U-turn. Turn left onto VA-80 E. Turn left onto Walnut Ridge Dr. Keep left to stay on Walnut Ridge Dr Remarks Misc:Public Remarks2 Amazing investor opportunity! This Mobile Home Park is not just cash flowing out of the gate, but is positioned for further growth as you build your investment portfolio. Situated on 5 acres in Southwest Virginia, this Mobile Home Park consists of 4 units, with one unit being park-owned. The additional three units are lot rent only. With current rents producing an annual income of $22,800 and room to expand significantly, you can see the opportunity that awaits. To make the deal even better, the utilities are billed directly to the tenants, which leaves minimal expenses to the owner (insurance, taxes, lawn care). The park-owned home is a 2023 two-bedroom, two-bath home. IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN Structure Type:Multi Family true Style:Other53 true Style:See Remarks40 true TopographyLot Description:See Remarks true Unit 1:# Bathrooms5 2.0 Unit 1:# Bedrooms3 2 Unit 1:# Units 4 Unit 2:SqFt5 0 Unit 3:SqFt2 0 Unit 4:SqFt 0 Water:Public true Videos: (none) Virtual Tours: (none)
Listing Courtesy:
LPT Realty - Griffin Home Group
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