Contact Information

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
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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

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