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Columbia Avenue 24-Unit Portfolio

24 unit portfolio located in Bristol, VA. Contains 3 single family rental homes, 21 mobile homes

Listing Contacts

Active

Asking Price: $1,404,000
Address 

269 Superior Cir, Bristol, VA 24201

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Date Added
Aug 24, 2024
Days on Market
209 days
Time Since Last Update
23 days

Details

Property TypeMobile Home Park, Multifamily
SubtypeSingle Family Rental Portfolio
Investment TypeNet Lease
ClassB
Cap Rate6.47%
Units24
Pads27
Buildings24
Stories1
Lot Size (acres)4.7
Price/Sq Ft (Land Value)$6.86/SF
APN18-1-66|1, 18-7-4-9B, 18-7-4-10, 18
OwnershipOwner owned

Marketing Description

The TCI Group-Jerry Petzoldt Agency is pleased to present this 24 unit portfolio located in Bristol, VA.​ This sale contains 3 single family rental homes, 21 mobile homes with 18 being tenant owned and 3 park owned.​ A total of 4.7 acres in multiple parcels, it is approved for 27 mobile home sites leaving 5 vacant infill sites available.​ This sale also includes a vacant lot consisting of .37 acres.​ Property deeds and/or surveys to govern.​ The three conventional stick built homes include 155Columbia Ave - a 2BR, 1BA home with natural gas heat and currently rented; 185 Superior Court - a 3BR, 3BA home with a full basement and 2 garage doors, HVAC, currently rented, and 269 Superior Court - a 2BR, 1BA home with natural gas heat, currently vacant and being remodeled.​ Property adjoins Mumpower Park, a 3-acre elongated city park along Beaver Creek that includes 3 Illuminated tennis courts, Basketball courts, with plans for a bike trail through the park.​ Nice Central location, this property is near Euclid Avenue shopping and business district and bustling historic downtown Bristol.​ Contact agent for further details and financials.​

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Due Diligence

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Listing Contacts


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Broker Information
Broker Name
Glenn Perkins
Broker License
VA VA 0225224327
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