Description

Excellent Investment opportunity. A 31-lot mobile home community approximately six miles Southwest of the City of Bedford Virginia. This community was developed by the present owner in 1988. It is situated on three contiguous parcels totaling 38 acres. A very nice three 2400 SF bedroom brick ranch style home with a full basement and attached two-car garage is included in the package In addition there is a four-car garage/shop adjacent to the home. This portion of the property is on 5.94 acres and its tax-assessed value is $278,800.

The mobile community features 31 lots renting at an average of $210 per month. This includes seven rental units, which bring an additional $250 (average) per month. All rental units are currently leased and there are only three lot vacancies. Generally the community stays 100 percent leased out. SHOWN BY APPOINMENT ONLY. PLEASE DO NOT CONTACT RENTERS

The property lays nicely with most of the homes on quarter acre lots. It may be expanded by 50 percent without restriction or authorization. There are four wells and numerous septic systems to accommodate the community. Nearly all the lots will handle double- wides.