Farmville Park - for Sale in Farmville, Virginia
Industrial Park Road
Farmville, VA 23901
View on Map
Email Seller
Seller Information
Nathan BozarthBelmont Services, LLC
Mobile Home Park for Sale |
|
| Development Land | This is a land for developing a mobile home park |
| Number of MH Lots: | 89 |
| Size: | 18 acre(s) |
| Purchase Method: | New Loan |
| Status: | Active |
| Property ID: | 13224 |
| Posted on: | Jun 02, 2010 |
| Updated on: | Aug 05, 2011 |
| Price: | $2,650,000 |
Property Description
Wanted 50% Partnership existing Mobile Home Park located in the Town of Farmville VA. currently 89 sites 90% occupancy, metered city water and sewer almost 18 acres all zoned mobile homes. Only 1/2 of the property has been developed current income around $22,000 monthly, Not interested in selling the park only interested in taking on a 50% partner for $1,325,000 Current owner is a Class A Lic. Contractor and able to secure necessary permits to expand park. Looking for hands on or hands off partner to help further expand the park, I have owned the park almost 5 years and have expanded from 51 sites to 89 If interested in a profitable business contact me.
Office Number 703-550--2317
Park Information
| Number of MH Lots: | 89 |
| Total Occupancy: | 90.0% |
| Year Built: | 1970 |
| Average MH Lot Rent: | $195 |
| Size: | 18.0 acre(s) |
Financial Information
| Gross Income | $265,000 |
| Operating Expense | $120,000 |
| Net Operating Income | $145,000 |
| Expense Ratio | 45.3% |
| Debt Info |
Lot Information
| Singlewide Lots: | 89 |
RV Information
| Average RV Lot Rent: | $195 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 30 |
| Average Rent for Park-owned Homes: | $535 |