Mobile Home Park Details

Purchase Method: Cash, New Loan
Cap Rate: 12.0%
Listing ID: 114774
Posted On: Feb 7, 2012
Updated On: Aug 1, 2012

Description

Outstanding opportunity with huge upside potential !! Operating mobile home park with on site management and maintenance. Currently 110 lots on 47 acres in a quite community with paved roads, off-street parking pads, storm drainage and street lighting. Electric and public water are separately metered while sewer is private. Lot rent includes trash and sewer. On site playground area, new garage with workshop and adjoining storage.
Currently 33 lots are occupied, 3 units are being remodelled and 5 others are scheduled for work, many are park owned homes.
Site is zoned Residential Multifamily with two entrances making the lower part of the park ideal for residential multifamily development. Sale includes adjoining .344 acre buildable lot zoned single family residential.

APPOINTMENT REQUIRED. DO NOT CONTACT MANAGER OR BOTHER TENANTS. SALE IS PRIVATE AND CONFIDENTIAL. CONTACT VIA EMAIL ONLY AND WE WILL RESPOND PROMPTLY.

Location

Park located in Pittsylvania County just outside Danville city line situated in south-central Virginia. Danville is major city only eight miles from the North Carolina border ideally positioned at the crossroads leading north/south and east/west. Community is only minutes to schools,shopping, restaurants and transportation.

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