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High Yeild, Low Expenses 13 unit Mobile Home Park
Martinsville, VA24112
Sold
Price Reduced
Mobile Home Park Details
Purchase Method:
Cash, New Loan
Listing ID:
3810300
Posted On:
Oct 10, 2023
Updated On:
Jan 8, 2024
Description
A great investment offering passive income with low expenses is available in this well maintained 13 unit mobile home park with long term tenants. Current rents (1) $450, (1) $475 (1) $500, (3) $550, (2) $625, (3) $650, (1) $750 (1) $850. Several tenants are long term tenants and are now on month-to-month leases, so rent increases are available. Each trailer has its own electric meter. There are 9 septic tanks (4 trailers have 2 septics to 1 tank); Expenses: public water ($390/month) park electric ($55/month for dusk to dawn lights); trash ($250/ month). 12 of the 13 heat pumps are new. Detailed rental agreements, rent logs, and septic pumping logs are available to vetted purchasers.
Location
Located in the beautiful foothills of Southwest Virginia. It's 45 minutes to Piedmont Triad International Airport in Greensboro, NC, 41 minutes from Caesars Virginia Casino in Danville, VA and 1 hour from Roanoke, VA .
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