Mobile Home Park Details

  • Distressed: This property is in default, REO or in foreclosure.
  • Property ID: 414333
  • Posted On: Nov 13, 2013
  • Updated On: Mar 25, 2014

Property Description

Income Producing Property
Beautiful, rolling property with further development potential.
Great location, just off the Madison Heights US-29 bypass, minutes from downtown Lynchburg.

142 Space Mobile Home Park
138 trailers currently in the park with 4 empty spaces.
The park owns 76 of the 138 trailers, which will be included in the sale as part of the real estate. The balance of the trailers are owned by tenants. The park is supplied by public water. There are numerous septic systems throughout the park with most systems handling either 2 or 3 trailers. All tenants pay for their utilities with the exception of the water. The park pays for the water used.

Also Selling a Duplex and a 1,872±sf Home with 526±sf Garage

94.6± acres
There is plenty of additional land for future expansion of the park. All land is zoned R-2.

Absolute Trustee's Auction: Wednesday, December 4th at 2pm
Auction on Site
Price to be determined by public auction.
"$1" used on this listing, because price is not known and a numeral is required.

Property Previews
Sunday, November 17th (1-3pm)
Thursday, November 21st (1-3pm)
Walkover inspections welcomed.

Directions: From US-29, take the VA-130 exit (Madison Heights). Go east 0.3 miles to Izaak Walton Rd. Turn left onto Izaak Walton Rd, and go 1.4 miles to Tanglewood Dr. Turn left onto Tanglewood Dr., and go 0.4 miles to the Tanglewood Court mobile home park.

Sales Managers
Pete Ramsey (434-258-6611)
George McDaniel (434-546-9235)
Bill Bryant

Terms: 5% Buyers Premium added to high bid(s) to determine contract sales price(s). $50,000 deposit due in cash or certified funds (made payable to Caskie & Frost) on the day of the auction with the balance due at closing within 30 days. Potential buyers must perform such independent investigations with respect to property as they deem necessary to verify information provided by the auction company and/or seller. All information provided by the auction company and/or seller is deemed reliable but not warranted. All property is being sold “as is” without representations or warranties of any kind or nature. Full terms available online and displayed on day of the auction. VAAF93

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Park Information

Community Type: All Age
Number of MH Lots: 142
Size: 95 acre(s)

Utility Information

Water: City
Water Paid By: Park
Sewer: Septic

Download Documents

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