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Marysville Estates MHP

Mobile Home Park
$725K

Altavista, Campbell County, Virginia

Listing Details

Asking Price
$725K
City
Altavista
County
Campbell County
State
Virginia

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About Marysville Estates MHP

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.

Frequently Asked Questions

How much does Marysville Estates MHP cost?

Marysville Estates MHP is listed at $725K. Request full financials through Parkvestor for a direct introduction to the listing broker.

What type of property is Marysville Estates MHP?

Marysville Estates MHP is a mobile home park located in Altavista, Virginia, currently listed for sale.

Where is Marysville Estates MHP located?

Marysville Estates MHP is located in Altavista, Virginia. Browse more mobile home parks for sale in Virginia on Parkvestor.

How do I get more information about Marysville Estates MHP?

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