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235 Columbia Ave 24 Unit Mobile Home Park $1,404,000 ($58,500/Unit) Bristol, VA 24201
INVESTMENT HIGHLIGHTS
- 24-unit investment portfolio featuring 3 single-family homes and 21 mobile homes.
- Approved for 27 mobile home sites with 5 vacant infill lots ready for expansion
- Three stick-built homes with varied layouts, including a 3BR/3BA with basement and garage.
- 18 tenant-owned mobile homes and 3 park-owned units offer stable rental income
- Includes a .37-acre vacant lot for future development or resale
- Adjacent to Mumpower Park with tennis courts, basketball courts, and planned bike trail
EXECUTIVE SUMMARY
ATTENTION INVESTORS!! 24-unit portfolio MHP located in the city of Bristol, VA. This sale contains 3 single family rental homes, 21 mobile homes with 18 being tenant owned and 3 park owned. A total of 4.7 acres in multiple parcels, it is approved for 27 mobile home sites leaving 5 vacant infill sites available. This sale also includes a buildable vacant lot consisting of .37 acres. Property deeds and/or surveys to govern. The three conventional stick built homes include 155 Columbia Ave - a 2 BR, 1 BA home with natural gas heat and currently rented; 185 Superior Court - a 3 BR, 3 BA home with a full basement and 2 garage doors, HVAC, currently rented, and 269 Superior Court - a 2BR, 1 BA home with natural gas heat, currently vacant and being remodeled. Property adjoins Mumpower Park, a 3-acre elongated city park along Beaver Creek that includes 3 Illuminated tennis courts, Basketball courts, with plans for a bike trail through the park. Nice Central location, this property is near Euclid Avenue shopping and business district and bustling historic downtown Bristol. Contact agent for further details and financials.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Third Party Reports
PROPERTY FACTS Under Contract
| Price | $1,404,000 | Building Class | C |
| Price Per Unit | $58,500 | Lot Size | 4.70 AC |
| Sale Type | Investment | Building Size | 24,192 SF |
| No. Units | 24 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Manufactured Housing/Mobile Home |
| Price | $1,404,000 |
| Price Per Unit | $58,500 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 4.70 AC |
| Building Size | 24,192 SF |
| No. Stories | 1 |
| Year Built | 1900 |
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PROPERTY TAXES
| Parcel Number | 18-7-4-7 | Improvements Assessment | $0 |
| Land Assessment | $2,500 | Total Assessment | $2,500 |
PROPERTY TAXES
Parcel Number
18-7-4-7
Land Assessment
$2,500
Improvements Assessment
$0
Total Assessment
$2,500
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235 Columbia Ave
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