2957 Kings Hwy | Suffolk, VA 23435
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This Multifamily Property is no longer advertised on LoopNet.com.
2957 Kings Hwy
Suffolk, VA 23435
Outlaw Trailer Court · Multifamily Property For Sale
·
26,000 SF

INVESTMENT HIGHLIGHTS
- Below market rental rates representing an opportunity to increase revenues through rents to market rate.
- 100% occupancy rate with minimal historic turnover provides ownership with steady and predictable cash flows.
- Well maintained park, requiring minimal maintenance and CapEx upon takeover.
- Publicly serviced master metered water, representing opportunity to increase revenues through sub metering.
- Majority Tenant Owned Homes, providing ease of management for ownership.
PROPERTY FACTS
| No. Units | 27 | Lot Size | 3.94 AC |
| Property Type | Multifamily | Building Size | 26,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built | 1953 |
| Zoning | RESIDENTIA | ||
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.94 AC |
| Building Size | 26,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1953 |
| Zoning | RESIDENTIA |
LINKS
PROPERTY TAXES
| Parcel Number | 302891000 | Improvements Assessment | $73,300 |
| Land Assessment | $504,400 | Total Assessment | $577,700 |
PROPERTY TAXES
Parcel Number
302891000
Land Assessment
$504,400
Improvements Assessment
$73,300
Total Assessment
$577,700
Listing ID: 31713347
Date on Market: 5/6/2024
Last Updated:
Address: 2957 Kings Hwy, Suffolk, VA 23435
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