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Tbd Meadow Circle
Springville VA 38256
MLS #10003032 · Listing Courtesy of Cedar Realty Group
$385,000
Active
1.79
Acres
2000
Built
Property Description
INVESTMENT OPPORTUNITY! Well-established 18-pad mobile home park offering steady income with low owner maintenance. Currently, 14 of the 18 pads are occupied at $200 per month on month-to-month rentals, with tenants owning their mobile homes. Each unit is separately metered, and tenants are responsible for their own utilities. The property has 17 septic systems, with Lots 1 and 3 sharing one system. If septic pumping is required, the cost is split 50/50 between the owner and tenant. Only one septic system has required pumping within the past year. A site manager handles mowing and general property maintenance for $200 per month, making this an attractive opportunity for an investor looking for relatively hands-off income. Owner expenses include property taxes, insurance, site management, and the owner's portion of septic pumping when needed. With all 18 pads occupied at the current rental rate, projected gross income is approximately $38,549 annually. Four currently vacant pads provide additional income and growth potential. Conveniently located just minutes from Bluefield, VA/WV and Tazewell, VA. A great opportunity to add an established, income-producing mobile home park with tenant-owned homes and low maintenance requirements to your investment portfolio. Serious investors--don't miss this opportunity!
All info in this listing is provided as a courtesy, is not guaranteed and is subject to errors and omissions. Buyer / buyer's agent to verify all information herein. Use subject to deed restrictions and zoning. Both ground and aerial photos taken from the property showing views and scenery and may include views of adjacent parcels of land. Square footage is estimated.
Property Facts
Property TypeCommercial Sale
MLS Number10003032
City Taxes$0
County Taxes$1,031.24
Features & Amenities
Exterior
County Road
Other
Aerial
Business Only
Mobile/Trailer Park
Public Water
Septic Tank Sewer
Survey
Directions
From the intersection at Pounding Mill, travel toward Bluefield for 25 minutes. Just past Destiny Outreach Church turn right onto Roma Road. Mobile Home Park and sign will be straight ahead - just off the four lane.
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Additional Information
ACSee RemarksYesContract InfoForeclosureNoDevelopment StatusSee RemarksYesElectric ServiceSee RemarksYesExterior FinishOtherYesGeneral Property DescriptionAnnual Lease0HOANoLeaseNoLot Size1.79Total Finished SqFt0Unfinished SqFt0ZoningCommHeatingSee RemarksYesOther EquipmentNoneYesRestrictionsSee RemarksYesRoofOtherYes
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