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Listed by Cedar Realty Group
$ 385,000
Est. payment /mo
New
2-98 Triple Court Drive Honaker, VA 24260
UPDATED:
Key Details
Property Type Other Types
Listing Status Active
Purchase Type For Sale
Subdivision Honaker
MLS Listing ID 112614
Year Built 2026
Annual Tax Amount $613
Tax Year 2025
Property Description
INVESTMENT OPPORTUNITY IN HONAKER, VA! Established mobile home park offering steady income, low maintenance, and room for additional revenue. The property currently has 14 occupied pads renting for $200 per month on month-to-month rentals, generating $33,600 in annual gross rental income. Tenants own their mobile homes, each unit is separately metered, and tenants are responsible for their own utilities and lawn care. The park is served by public water and public sewer, eliminating the maintenance concerns associated with private wells and septic systems. Annual lighting expense is only $276. Owner is responsible for property taxes and insurance. In addition to the 14 occupied pads, there are 4 vacant lots with potentially 5-7 additional spots to add pads, offering excellent potential for increased income $12,000 - $16,800. At the current $200 monthly lot rent, full occupancy (could increase gross rental income to approximately $45,600- $50,400 annually). This is an excellent opportunity for an investor seeking an established income-producing property with tenant-owned homes, minimal day-to-day maintenance, and additional income potential. Steady income, low maintenance, and room to grow—an investment opportunity worth a closer look!
Location
State VA
County Russell
Area Honaker
Zoning Comm
Interior
Heating Other
Cooling Other
Flooring See Remarks
Exterior
Exterior Feature See Remarks
Utilities Available Other
View Y/N No
Water Access Desc Public
Roof Type Other
Garage No
Building
Lot Description City Lot
Sewer Public Sewer
Water Public
Others
Acceptable Financing 7ad8d028465c5d6d6dfcbe04b4007a2f
Listing Terms 7ad8d028465c5d6d6dfcbe04b4007a2f
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