For Sale
$325,000

45 Plasters Park CirMartinsville, VA 24112

13-Unit Rental Portfolio, High Cash Flow

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 13-lot mobile home park situated on an expansive 8.72-acre lot in Martinsville, Virginia (zip code 24112, address 45 Plasters Pk Cir). Currently, nine lots are leased, generating immediate cash flow. The property is zoned A-1 Agriculture. A key feature is the recently added 13th lot, offering increased potential rental income. This lot boasts a private location at the rear of the park and includes a standalone septic system. All mobile homes are tenant-owned, minimizing landlord responsibilities. The park benefits from Public Service Authority (PSA) water connections, with individual meters ensuring tenants cover their water usage. A septic maintenance fee is collected from each tenant to offset associated costs. Recent improvements include the installation of three additional streetlights, new mailboxes, and updated signage, enhancing the park's overall appeal and functionality. Financial information and park regulations are available upon request. This turnkey operation offers a low-maintenance approach to real estate investment with significant upside potential. The property is priced at $325,000.

Highlights

  • $325,000 asking price.
  • 13-unit multifamily property (Single Family Rental Portfolio).
  • Located on an 8.72-acre lot in Martinsville, VA, zoned A-1 Agriculture.
  • Nine of thirteen lots are currently leased; mobile homes are tenant-owned.
  • Property features updated infrastructure including new streetlights, mailboxes, and signage; tenants pay individual water and septic fees.

Property Details for 45 Plasters Park Cir

Property type
Residential income homes
Lot Size (sq. ft)
379,843 SF
Units
13

Location Insight

City
Martinsville
County
Henry
State
Virginia
Latitude
36.6928828
Longitude
-80.0065141
45 Plasters Park Cir, Martinsville, Virginia

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45 Plasters Park Cir
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