Lynchburg, VA 3-Park Portfolio
85 Lot Mobile Home Park | Lynchburg, VA
Marketing description
Jennifer Stein Real Estate, in conjunction with MHP Brokerage, is excited to present this 3-park Mobile Home Community portfolio in the greater Lynchburg, VA area. This portfolio offers a compelling ability to scale quickly in a strong market with strong in-place cash flow. Upside includes filling the remaining six vacancies as well as improving operational efficiencies. There are 21 Park-Owned homes across two of the three properties, which are said to be fairly new homes. All properties are serviced by septic tanks, which have been serviced and raised within the last two years. Two of the three properties are on private wells, while the Lynchburg MHP is hooked up to city water. Ownership does not currently recapture water usage and also covers the cost of trash disposal. Seller Financing is not available for this portfolio.
Investment highlights
- Total Sites: 85 total sites across 3 properties - 79 sites occupied
- Utilities & Infrastructure: All 3 properties are serviced by septic tanks - Two of the 3 properties are serviced by private wells, and one property is on city water
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