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Address is Industrial Park Road Farmville, VA 23901

Nathan Bozarth

Belmont Services, LLC

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Farmville Park

Land Lease Community for Sale in Farmville, Virginia

Industrial Park Road
Farmville, VA 23901

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This Mobile Home Park is Off Market

View more Mobile Home Parks for Sale in Farmville, VA.

Mobile Home Park for Sale

Development Land This is land for developing a mobile home park
Number of MH Lots: 89
Size: 18 acre(s)
Purchase Method: Seller Financing
Status: Off Market
Property ID: 13224
Posted on: Jun 02, 2010
Updated on: Jan 20, 2013

Property Description

Great investment existing Mobile Home Park located in the Town of Farmville VA. currently 88 sites 90% occupancy, metered city water and sewer almost 18 acres all zoned R-5 approved for 140 mobile homes. Only 1/2 of the property has been developed current income around $24,000 monthly. City water and sewer onsite with paved streets and street lights tenants pay all utility's water trash and electric. Farmville Virginia is a great well run Town with 2 colleges and several other large employers. This is a rare chance to own a great investment in a mobile home park that can be expanded in a perfict location. Seller financing with 35% down.

Office Number 703-550--2317

Park Information

Number of MH Lots:89
Total Occupancy:90.0%
Year Built:1970
Average MH Lot Rent: $210
Size:18.0 acre(s)

Financial Information

Gross Income$245,000
Operating Expense$36,000
Net Operating Income$36,000
Expense Ratio 14.7%
Debt InfoSeller Financing 35% Down

Lot Information

Singlewide Lots:88

RV Information

Average RV Lot Rent: $210

Utility Information

Water Paid By: Tenant - Submetered

Park-Owned Homes

Number of Park-owned Homes:30
Average Rent for Park-owned Homes: $535