Oak View Manufactured Housing Community
31 Unit Mobile Home Park | $1,800,000 ($58,065/Unit) | Richmond, VA 23225
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,800,000
- Property Type
-
Multifamily
- Square Feet
- 50 SF
Listing Contacts
Heather Placer Mull
Verified Profile
Ryder Mull
Verified Profile
- Property Info
Property Overview
RARE opportunity for a mobile home park with PUBLIC utilities and proximity to public transportation!!!!! Oak View Mobile home park is a 31 space mobile home community in Richmond, just southwest of the city and along the bus line with public water and sewer. Great proximity to retail, employment and other amenities. Average rents are $535 per month which includes water and sewer presenting a tremendous opportunity to break out these costs and charge back to tenant, for a value add opportunity. There is upside for new ownership to also increase rents, as rents have increased steadily over the last few years and lease up of the four additional sites. Sale is for the lots only; NO mobile homes included-all homes owned by tenants. Also for sale is 15 Brumskill Court, Cumberland; owner is open to selling both.
Property Details
- Class
- C
- Year Built
- 1960
- Stories
- 1
- Property Subtype
- Manufactured Housing/Mobile Home
- Lot Size (sq. ft)
- 202,554 SF
- Units
- 31
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