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7 Barbwave Cir 14 Unit Mobile Home Park $250,000 ($17,857/Unit) Martinsville, VA 24112
Investment Highlights
- 14-Lot Mobile Home Community with existing rental income on approximately 7 acres in Martinsville, VA.
- Seller-Owned Improvements include three on-site homes, providing additional revenue potential.
- Value-Add Opportunity with several vacant lots available for future development and income growth.
- Established Cash-Flowing Asset ideal for investors seeking stable income with upside in the manufactured housing sector.
Executive Summary
Investment Property — Mobile Home Community | 7 Barbwave Circle, Martinsville, VA Offered for sale is an income-generating mobile home community situated on approximately 7 acres with 14 total lots. The seller retains ownership of three on-site homes. Several unoccupied lots remain available for future development, presenting a measurable opportunity to increase net operating income. This property is well-suited for investors seeking an established cash-flowing asset with identifiable value-add potential in the manufactured housing sector. All information obtained from tax records and seller. Buyer to verify all details including acreage, lot count, income figures, and ownership of improvements prior to closing.
Property Facts
| Price | $250,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $17,857 | Building Class | C |
| Sale Type | Investment | Building Size | 1,000 SF |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2000 |
| Zoning | A1 | ||
| Price | $250,000 |
| Price Per Unit | $17,857 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Building Size | 1,000 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Zoning | A1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | - |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 009371001 | Improvements Assessment | $35,000 |
| Land Assessment | $33,500 | Total Assessment | $68,500 |
Property Taxes
Parcel Number
009371001
Land Assessment
$33,500
Improvements Assessment
$35,000
Total Assessment
$68,500
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7 Barbwave Cir
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