Annual gross income $29700 with Cap rate of 8.4% before most recent vacancy. Rents have not increased for several years. See rent roll attached. Own this quiet, established mobile home park in Franklin County Va. Mobile homes convey with purchase. Total of 6 spaces. 5 MH on site, all park owned. Six septic systems. Two wells, one in use and one back up well. 3 acres cleared for park and 3 wooded acres also on this parcel allowing you to expand the park; Could potentially use backup well for any additional mobile homes. All tenants on month to month lease.
Location
Franklin County Va
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