Tiny Town Mobile Home Park Tiny Town Avenue, Chilhowie, VA 24319

For Sale     $1,100,000

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Contact Information

Todd Conner

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Mobile Home Park Details

  • Price: $1,100,000
  • Cap Rate: 7.2%
  • Listing ID: 4363685
  • Posted On: Jan 30, 2024
  • Updated On: Apr 1, 2024

Description

Great Investment Opportunity in the heart of Chilhowie!
DIRECT BILLED WATER & SEWER!!!
2 TOH
2 POH
1 Warehouse @ $350
Total paying tenants 30, including warehouse

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Park Information

Community Type: All Age
Number of MH Lots: 32
Total Occupancy: 93.7 %
Average MH Lot Rent: $225

Financial Information (Actual)

Gross Income: $94,500
Operating Expense: $15,143
Net Operating Income: $79,357
Expense Ratio: 16.0 %

Lot Information

Singlewide Lots: 32
Doublewide Lots: 1

Utility Information

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

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