Mobile Home Park Details

  • Purchase Method: New Loan
  • Property ID: 556686
  • Posted On: Sep 2, 2015
  • Updated On: Nov 10, 2015

Property Description

Almost 22 acres half way developed with 88 mobile home sites and 2 RV sites. Considered a 4 star park with paved streets off street parking and street lights city water sewer and trash pickup. Farmville has plenty of employment with 2 colleges several prisons close by and one of the largest furniture suppliers on the east coast. Close to Richmond and Lynchburg and major highways monthly income over $30,000. Develop now or expand over time property zoned 8 units per acre may consider owner financing with 40% down.

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Park Information

Community Type: All Age
Number of MH Lots: 90
Total Occupancy: 95.0 %
Year Built: 1965
Average MH Lot Rent: $235
Size: 22 acre(s)

Financial Information

Gross Income $360
Operating Expense $2
Expense Ratio 0.6 %
Debt Info

Lot Information

Singlewide Lots: 88

RV Information

Number of RV Lots: 2
Average RV Lot Rent: $235

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 40
Average Rent for Park-owned Homes: $525

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