Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 9.2%
- Listing ID: 1647965
- Posted On: Apr 15, 2022
- Updated On: Jan 30, 2024
Description
DIRECT BILLED WATER AND SEWER AND ALL TENANT-OWNED HOMES!
OWNER FINANCING is available on a per case basis.
Jollivue Acres Mobile Home Park in Atkins, VA is a 42-lot mobile home park located outside of Marion Virginia, right off Interstate 81. Currently, 26 lots are rented. Lot rent is $250. Jollivue offers a tremendous opportunity for value-add by filling empty spaces with new mobile homes.
See OM below google map
Location
Jollivue Acres Mobile Home Park is only a 5-minute drive from the local Walmart and other local establishments, including many restaurants and government buildings. Emory and Henry College is also located in Marion, about 10 minutes from the park. North of the park is many outdoor and recreational activities available from the mountain ranges and parks nearby.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 42 |
| Total Occupancy: | 61.0 % |
| Year Built: | 0 |
| Average MH Lot Rent: | $250 |
| Size: | 6 acre(s) |
Financial Information (Actual)
| Gross Income: | $93,600 |
| Operating Expense: | $11,424 |
| Net Operating Income: | $82,176 |
| Expense Ratio: | 12.2 % |
| Debt Info: | Possible Owner Financing Available |
Lot Information
| Singlewide Lots: | 42 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
