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Country Manor Mobile Home Park

$ 450,000

Property Details: 

Listing Price: $450,000

Year Built: -

Property Type: Commercial / Investment

Building Size: -

Lot Size: 1.95 Acres 

Property Description: 

This property offers a total of 13 mobile homes, including 1 double wide mobile home and 12 single wide mobile homes with titles. With a spacious land area of 1.95 acres, residents can enjoy the convenience of public water supply and individual septic systems. The park is equipped with central HVAC and dusk to dawn lights, ensuring comfort and safety for all. Each mobile home has separate electric meters, providing convenience and flexibility for tenants. Additionally, the well house on-site ensures a reliable water source. 

With a 2021 yearly gross income of $78,899 and a net operating income of $58,337. This translates to a remarkable rate of return of 12.5%. The market value of this property is estimated at $446,696. 

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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