Country Manor Mobile Home Park

$ 699,000

Property Details: 

Listing Price: $699,000


Updated Total Monthly Rent: $8,325.00


Property Type: Commercial / Investment


Lot Size: 1.95 Acres 

Property Description: 

This manufactured housing portfolio features strong rental demand, a solid track record of occupancy and historically stable cash flow.

The 1.95-acre site currently accommodates a total of 13 manufactured homes (1 double wide home; 12 single wide homes) - all PARK OWNED with titles to most. The occupancy is at 100% with an average monthly rent of $640.00 (inclusive of lot and mobile home rent).

The property is equipped with public water, private and individual sewer systems, central HVAC, separately metered electricity, and dusk to dawn lights.

Property Location: 

Drive on US-220 S for approximately 46.71 miles. Take the ramp towards US-58 W/Martinsville/US-58-BR E/Stuart and continue for 0.22 miles. Turn right onto A L Philpott Hwy (US-58 W) towards Stuart, then drive for 2.56 miles. Turn right onto Preston Rd and continue for 1.00 mile. Finally, turn left onto Mobile Manor Dr and drive for 233 feet. You have reached Mobile Manor Dr, your destination is on the left.

 

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