1496 Hunters Ln 23 Unit Mobile Home Park $999,900 ($43,474/Unit) Blairs, VA 24527
INVESTMENT HIGHLIGHTS
- Opportunity to add value by expanding number of sites on the sprawling 79-acre assemblage.
- very convenient to US HWY 29 in Blairs.
EXECUTIVE SUMMARY
Investment Opportunity! Chestnut Ridge Mobile Home Park is made up of 4 parcels all included in this sale totaling 79+ acres of which only about 10 ac are currently being used. There are currently 23 rental spaces. 10 of the homes are owned by the seller, currently rented and are included in this sale. The remaining 13 are owner owned homes and pay monthly lot rent. There are 2 wells that service this property and each lot has its own septic. There are approx. 8 more spaces ready to put homes on. There is an abundance of undeveloped land suitable to add additional homesites giving this property unlimited potential to grow this park and increase the number of available rentable spaces. There are 2 ponds on the property as well. This property is very convenient to US HWY 29 in Blairs.
PROPERTY FACTS Under Contract
| Price | $999,900 |
| Price Per Unit | $43,474 |
| Sale Type | Investment |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 80.07 AC |
| Building Size | 23,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1994 |
| Zoning | MHP - Mobile Home Park |
