Saltville Mobile Home Park

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

<p><span>The Lynchburg Park, located at 1068 Cedar Hills, has 32 lots, with 1 vacant lot.​ There are 20 tenant-owned homes, all paying $450/month.​ 11 park-owned homes are rented at $800/month, while 2 park-owned homes collect $600 and $700 per month, respectively.​ 25 Septic tanks service the homes.​ The septic tanks are serviced every 5 years and were last serviced two years ago by Cut Rate Septic.​ City water shows consistent numbers across the board, averaging ~$1,400/month.​ </span></p><p></p><p><span>Management is currently not billing tenants for water usage, although the property is submetered.​ Tenants pay for their own electricity, and the park pays for street lights.​ Trash is included in rent and collected from individual bins by the manager, who then takes them to the dump.​ CapEx over the past two years consisted of digging up the septic tanks, pumping them, and putting risers on them.​ Additional costs included clearly preparing lots for the installation of new park-owned homes.​ </span></p><p></p>

<p>Eastbrook MHP presents a compelling investment opportunity in the greater Lynchburg, VA market, offering a stable, low-maintenance income stream backed by 100% tenant-owned homes, which eliminates landlord responsibility for home repairs or replacement.​ The property is currently 87% occupied, with 28 of 32 lots generating $12,600 in monthly gross lot rent, or $151,200 annualized.​ Tenants are not billed for water, sewer, or trash, while the property's private well—tested every three months—ensures reliable, compliant infrastructure.​ With 4 vacant lots remaining, Eastbrook offers straightforward upside through lease-up at minimal capital cost.​</p>

<p>Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale Crest Woods Mobile Home Park, a stabilized 26 pad manufactured housing community located at 1841 Grit Road in Hurt, Virginia, just minutes from Altavista.​</p><p>The property consists of 26 total pads, including 13 tenant owned homes and 13 park owned homes, situated on approximately 13.08 acres.​ Approximately 6.84 acres are currently in use, providing a low-density community layout with additional acreage on site.​</p><p>Crest Woods presents as a well-maintained community, with residents maintaining their homes and lots in good condition.​ This contributes to a clean, orderly setting and supports the property's history of consistent operations.​</p><p>The community benefits from its position near Altavista's established employment base and within the broader Southside Virginia economic growth corridor.​ Major employers and announced investments throughout Hurt, Pittsylvania County, Danville, Halifax County, and surrounding markets continue to strengthen the regional workforce and support demand for attainable housing near expanding job centers.​</p>

<p>Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale Newport Estates Mobile Home Park; a stabilized 28 pad manufactured housing community located at 132 Link Circle in the community of Newport in Giles County, just north of Blacksburg in the New River Valley.​</p> <p>The property consists of 28 total pads and 26 occupied pads, all of which are tenant owned.​ Electric is independently metered and water and trash are billed directly to the tenants, resulting in a minimal owner paid expense profile.​</p> <p>In-place lot rents averaging $376 sit well below market, with comparable area communities achieving asking lot rents of $415 to $600 per month and averaging $553.​ With in-place rents approximately 32% below the comp set average, Newport Estates presents a clear mark-to-market opportunity for a new owner to grow income meaningfully while remaining attainable for residents.​</p> <p>Newport Estates presents as a well-maintained community, with residents maintaining their homes and lots in good condition, contributing to a clean, orderly setting and a history of consistent operations.​</p> <p>The community benefits from its position along the US Route 460 corridor, roughly 20 minutes from Blacksburg and Virginia Tech.​ Regional employers and announced investments continue to drive demand for attainable housing near expanding job centers.​</p>

<p>Martinsville, VA Metro - 64K+ Population.​ There is a grocery store within a half mile and a large concentration of industrial employers within two miles.​ </p><p></p>