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Mobile Home Park Details

Listing ID: 3353142
Posted On: Jul 12, 2023
Updated On: Dec 3, 2023

Description

Nice incoming producing property located in Amherst County. This property has 28 mobile homes, house and an apartment. All leased. This property is also zoned by right for multi family. Call Agent for more details. Had additional adjoining 8.1 acres that is also included for further expansion/development.

Location

29N to Left on Thomas Road, 1.1 miles to Bubba Lane on Left. You will see entrance to mobile home park.

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Park Information

Community Type:	All Age
Number of MH Lots:	28
Total Occupancy:	100.0 %
Year Built:	1995
Average MH Lot Rent:	$850
Size:	18 acre(s)

Financial Information (Actual)

Gross Income:	$240,000
Operating Expense:	$12,000
Net Operating Income:	$228,000
Expense Ratio:	5.0 %

Lot Information

Singlewide Lots:

Utility Information

Water:	City
Water Paid By:	Park
Sewer:	Septic

Park-Owned Homes

Number of Park-owned Homes:	13
Average Rent for Park-owned Homes:	$850

Mobile Home Park Madison Heights VA 104 Tattoo Lane, Madison Heights, VA 24572

Expired