Contact Information
Jason Shirley
Mobile Home Park Details
- Price: $265,000
- Purchase Method: Cash, Seller Financing, New Loan, Assumable Loan
- Cap Rate: 10.2% (Actual)
- Listing ID: 6896216
- Posted On: May 10, 2025
- Updated On: May 10, 2025
Description
18 lots. 15 occupied with average lot rent at $250 per month. Room to increase rents.
Road is county maintained road. Water/Sewer/electric direct billed to tenants. Property taxes $900.00 per year.
Small assumable seller note.
Location
4005 Inby Lane, Big Stone Gap, VA
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 18 |
| Total Occupancy: | 83.3 % |
| Average MH Lot Rent: | $250 |
| Size: | 9 acre(s) |
Financial Information (Actual)
| Gross Income: | $3,750 |
| Operating Expense: | $1,500 |
| Net Operating Income: | $2,250 |
| Expense Ratio: | 40.0 % |
Lot Information
| Singlewide Lots: | 18 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $400 |