Great investment opportunity with strong cap rate! 18 space mobile home park - currently occupied with 11 units; 8 park owned, 3 tenant owned. Municipal water (individually metered), individually metered electricity, centralized municipal sewer tap w/pump station, with tenant managed garbage and lawn care. Property has open lots available to immediately accommodate installation of additional units further increasing revenue & profit. Property is roughly 50% developed with additional opportunity for acreage expansion - total property acreage is 5.41 acres. Strong long-term tenancy commitment with tenants of 10+ years, with opportunity for rental increases.
Location
Property is located at Sunset Drive in Wise County, VA nearby to the heart of Appalachia's tourism region, local restaurants, shopping, and within walking distance to the Spearhead Trail ATV/equestrian system.
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