Mobile Home Park For Sale In Virginia

1101 Maple Tree Drive
Bedford, Virginia 24532
Spaces: 31
Vacant Spaces: 3
Average Lot Rent: $210.00 Mo.
Number of Park Owned Homes: 7
Average Rent Park Owned Homes: $260.00 Mo. Additional
Year Built: 1988
Price: $995.000
Cap Rate: Call Broker

Excellent Investment opportunity. A 31-lot mobile home community approximately six miles Southeast of the City of Bedford Virginia. This community was developed by the present owner in 1988. It is situated on three contiguous parcels totaling 38 acres. A very nice three bedroom 2400 SF brick ranch style home with a full basement and attached two-car garage is included in the package In addition there is a four-car garage/shop adjacent to the home. This portion of the property is on 5.94 acres and its tax-assessed value is $278,800.

The mobile community features 31 lots renting at an average of $210 per month. This includes seven rental units, which bring an additional $250 (average) per month. All rental units are currently leased and there are only three lot vacancies. Generally the community stays 100 percent leased out. PLEASE DO NOT CONTACT RENTERS

The property lays nicely with most of the homes on quarter acre lots. It may be expanded by 50 percent without restriction or authorization. There are four wells and numerous septic systems to accommodate the community. Nearly all the lots will handle double- wides.

This is an ideal situation for someone who is semi-retired and would like to generate a solid investment income, while enjoying a comfortable home. It would also be a great opportunity for someone wishing to relocate his or her parents into a comfortable retirement environment.

Bedford, Virginia is the home of the National D-Day Memorial, is very close to the Blue Ridge Parkway and borders on the 22,000-acre Smith Mountain Lake. For more information, click on the link below or paste into your browser

http://www.co.bedford.va.us/index.asp

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