2957 Kings Hwy Suffolk VA 23435

10% Cap rate, room for increased revenue by filling the vacant spaces and creative updates, steady income stream, many long term tenants.

Collinsville Mobile Home Park is a 58-lot manufactured housing community located in Collinsville, Virginia, within the Martinsville–Henry County region. Spanning approximately 4.94 acres, the property includes 50 occupied lots and eight vacant lots, providing existing income with additional lease-up potential. The community includes seven park-owned homes and one rent-to-own home, with average lot rent of approximately $270 per month. The property has water and sewer service and features paved internal roads. The offering presents an opportunity to invest in affordable workforce housing in a region attracting substantial private capital and public infrastructure investment. Current employers include Eastman, Monogram Foods, Hanes Brands, Bassett Furniture, Shenadoah Furniture, and Howmet Aerospace.

ATTENTION INVESTORS - JUST REDUCED! BELOW MARKET ADJUSTMENT!! Are You Looking for a New Property Investment Opportunity? Check Out This Mobile Home Park for Sale in the Rolling Hills of Smyth County, VA! Property is Located Just Off Hwy 107, 5 Miles From Downtown Saltville and 6 Miles From Chilhowie and I-81, Exit 35. The Property Consists of Three Separate Lots With a Combined Acreage of 13.64 Acres, Deeds to Govern. There Are 17 Mobile Homes in the Park With 16 Units Being Landowner Owned. Each Unit is Individually Metered for Electricity and Water. Also on Property is a 28'x40' Garage/shop Building. One of the Three Lots is a 5.48 Acre Vacant Lot Which Could Be Converted to Additional Mobile Home Lots, Sold as a House Lot or Developed as Income Generating Storage Facility. Rents Have Not Increased for Years and Are Not at Hud Rental Assistance Rates. Financials Available With a NDA, LOI or PSA. With Country Views, Convenient Amenities, and Lots of Potential – This Location is the Ideal Investment. Contact Us to Find Out More About This Unique Opportunity!

CAMPBELL COUNTY, VA - Marysville Estates Mobile Home Park offers a buyer the combination of an established tenant base, immediate in-place income, operational simplicity, and multiple avenues for future value creation in Altavista, Virginia. The 22-lot community currently includes 12 tenant-owned homes (TOH), 3 rent-to-own (RTO) homes, 2 vacant park-owned homes (POH), and 5 vacant lots. With 17 occupied sites, the property provides an established operating foundation while offering a new owner a clear path to increase occupancy and income through both home lease-up and infill. The opportunity becomes more compelling because current lot rents of $415 per month provide room for future rental growth. A new owner can evaluate opportunities to gradually move rents toward market levels while maintaining an affordable housing option for residents. In addition, the five vacant lots represent meaningful infill potential, allowing an investor to increase the community's revenue-producing site count without acquiring additional land. The two vacant park-owned homes can also provide an opportunity to generate additional income through renovation and lease-up. The property also benefits from a straightforward utility and infrastructure structure. The community is served by city water and septic and features paved roads, providing residents with established infrastructure while helping limit near-term capital improvement requirements. The combination of tenant-owned homes and rent-to-own homes also provides an efficient operating model with less exposure to park-owned housing than a community heavily concentrated in POH inventory. Altavista is located in Campbell County in central Virginia, approximately 30 miles southeast of Lynchburg. The town provides convenient access to regional employment, shopping, healthcare, and other services throughout the surrounding area, while its location along U.S. Route 29 provides connectivity to Lynchburg and other communities throughout central Virginia. The area's established residential setting and access to larger employment centers support continued demand for attainable housing. At an asking price of $725,000, or approximately $32,955 per site, the investment play is straightforward: acquire an established community with existing occupancy and cash flow, maintain a relatively simple operating structure, and capitalize on multiple sources of upside. With potential rent increases, five vacant lots available for infill, and two vacant park-owned homes that offer additional lease-up potential, Marysville Estates Mobile Home Park provides an attractive opportunity for an investor seeking a manageable asset with identifiable paths to increased occupancy, income, and long-term value.

Rare opportunity to acquire a 19 lot mobile home park in Elkton, Virginia. Situated on 1.83 acres with consistent rental demand, this property delivers day one cash flow alongside a well defined path to meaningfully higher returns. Current lot rents sit well below prevailing market rates, giving new ownership a clear, executable rent growth strategy. Even conservative adjustments produce a material lift in net operating income. An electrical system upgrade has been identified and scoped, providing a concrete improvement project with known costs that strengthens the asset long term and supports rent repositioning. Mobile home parks in this region rarely come to market, and fewer still offer both stable occupancy and a credible value add story. This one does. Resilient rental demand in the area limits downside while the embedded upside does the heavy lifting. Cash flow from day one. Below market rents ready to move. A defined capital project that adds lasting value. Don't miss your chance to acquire a supply constrained, income producing asset that checks every box.

Prime Development Opportunity on Lankford Hwy With Seller Financing Available! Positioned along the high-visibility business corridor of Lankford Highway in New Church, VA, this 7.24-acre parcel offers a rare, fully approved mobile home park with significant infrastructure already in place. The property is approved for 18 mobile home lots, featuring two wells with water mains run throughout the park, new electric hookups for all 18 lots, and nine 4-bedroom septic systems already installed. An additional barn on the property provides flexible use for storage, maintenance, or future operations. This property offers a great owner-occupied option. Renovate the existing double-wide as an owner's residence and build out the remaining lots over time to pay your mortgage. With major approvals secured and substantial upfront development costs already completed, this is an exceptional opportunity for investors or operators seeking immediate and scalable income potential in a growing Eastern Shore corridor.