Contact Information

Mobile Home Park Details

  • Price: $350,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 11.0%
  • Listing ID: 3875961
  • Posted On: Oct 23, 2023
  • Updated On: Apr 15, 2024


Affordable Investment Opportunity! Convenient city utilities, tenant-managed trash, and an average site price under $20,000 make it a sound investment choice in Bassett, VA.


4431 Philpott Drive, Bassett, VA, 24055

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Park Information

Community Type: All Age
Number of MH Lots: 20
Total Occupancy: 90.0 %
Year Built: 1754
Average MH Lot Rent: $225
Size: 10 acre(s)

Financial Information (Actual)

Gross Income: $57,600
Operating Expense: $19,536
Net Operating Income: $38,063
Expense Ratio: 33.9 %

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $358

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