Crest Woods Mobile Home Park
1841 Grit Road, Hurt, VA 24563-4000
Marketing description
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.
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.
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.
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.
Investment highlights
- 26-Pad stabilized manufactured housing community
- 13 tenant owned homes and 13 park owned homes
- 13.08 total acres; approximately 6.84 acres currently in use
- Zoning: Mobile Home Park (MHP)
- Water: Municipal Water
- Sewer: Septic
- Average Lot Rent: $350
- Comparable Lot Rent Average: $390
- Average POH Home Rent: $431
- Total In Place Average Income Per Pad: $575
- Year 1 Projected NOI: $121,779
- Asking Price: $1,350,000
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