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Address is Spruce Park Drive Martinsville, VA 24112

Anthony Ard


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Spruce Park 19 MH on 8 Acres

trailer park for Sale in Martinsville, Virginia

Spruce Park Drive
Martinsville, VA 24112

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Sale Price: $245,000
 

Contact Information

Anthony Ard

Mobile Home Park for Sale

Number of MH Lots: 19
Size: 8 acre(s)
Cap Rate: 11.4%
Purchase Method: Cash
Status: Active
Property ID: 15510
Posted on: Aug 17, 2010
Updated on: Oct 21, 2014
Price: $245,000

Property Description

19 MOBILE HOME LOTS SITTING ON A BEAUTIFUL 8 ACRE PARCEL OF LAND SURROUNDED BY TREES AND A NARROW CREEK PASSING THRU THE BACK SIDE OF THE PARK.
THIS PARK SITS RIGHT OFF SPRUCE STREET, MAIN HWY INTO TOWN.

Park Information

Number of MH Lots:19
Total Occupancy:74.0%
Average MH Lot Rent: $140
Size:8.0 acre(s)

Financial Information (Pro Forma)

Gross Income$31
Operating Expense$3,130
Net Operating Income$28
Expense Ratio 10096.8%
Debt Info

Lot Information

Singlewide Lots:19

Utility Information

Water:City
Water Paid By: Tenant - Individual Service
Sewer:City

Park-Owned Homes

Number of Park-owned Homes:0