Contact Information
David Voigt
Mobile Home Park Details
- Price: $249,900
- Purchase Method: Cash, New Loan
- Cap Rate: 12.2% (Actual)
- Listing ID: 5541765
- Posted On: May 5, 2024
- Updated On: Sep 15, 2025
Description
Attention Investors! Don’t miss this rare opportunity to acquire an already profitable real estate portfolio. This offering at 13682 Cullers Ln in Brodway is being sold together along with 104 and 106 Massanutten Street in Edinburg and all properties must convey as a package for one low price of $249,900. The combined portfolio includes a total of five mobile homes, all fully occupied and producing steady income. Financials are provided on a consolidated basis, while taxes are calculated separately for each property.
Financial Highlights:
Total Units: 5 (3 in Broadway, 2 in Edinburg)
Occupancy: 100% (all units tenant-occupied)
Monthly Income:
Cullers Lane, Broadway: $1,764 total
(1 TOH $400, 1 RTO $764, 1 RTO $600)
Massanutten Street, Edinburg: $1,067.30 total
(1 TOH $400, 1 RTO $667.30)
Combined Gross Monthly Income: $2,831.30
Annualized Income: $33,975.60
Operating expenses are minimal, as tenants are responsible for their own water/sewer bills and yard maintenance. Rent-to-own agreements provide predictable monthly income with structured payoff dates in 2027, 2028, and 2032. Taxes are calculated separately for each property.
This portfolio delivers immediate cash flow and long-term equity opportunities, making it a strong addition to any investor’s holdings.
Location
13682 Cullers Ln. Broadway Va 22815
104 Massanutten St. Edinburg Va 22824
Amenities
- Storage
Park Information
Community Type: | All Age |
Number of MH Lots: | 5 |
Total Occupancy: | 100.0 % |
Average MH Lot Rent: | $400 |
Financial Information (Actual)
Gross Income: | $34,272 |
Operating Expense: | $662 |
Net Operating Income: | $33,609 |
Expense Ratio: | 1.9 % |
Debt Info: | No Debt |
Lot Information
Singlewide Lots: | 5 |
Doublewide Lots: | 0 |
Triplewide Lots: | 0 |
Park Model Lots: | 0 |
RV Information
Number of RV Lots: | 0 |
Utility Information
Water: | City |
Water Paid By: | Tenant - Individual Service |
Sewer: | City |
Park-Owned Homes
Number of Park-owned Homes: | 3 |
Average Rent for Park-owned Homes: | $685 |