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Lebanon, VA 24266
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Key Details
Sold Price $246,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 9980342
Sold Date 08/14/25
Style Other,See Remarks
HOA Y/N No
Year Built 2023
Lot Size 5.400 Acres
Acres 5.4
Lot Dimensions See acreage
Property Sub-Type Multi Family
Source Tennessee/Virginia Regional MLS
Property Description
Amazing investor opportunity! This Mobile Home Park is not just cash flowing out of the gate, but is positioned for further growth as you build your investment portfolio. Situated on 5 acres in Southwest Virginia, this Mobile Home Park consists of 4 units, with one unit being park-owned. The additional three units are lot rent only. With current rents producing an annual income of $22,800 and room to expand significantly, you can see the opportunity that awaits. To make the deal even better, the utilities are billed directly to the tenants, which leaves minimal expenses to the owner (insurance, taxes, lawn care). The park-owned home is a 2023 two-bedroom, two-bath home.
IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN
Location
State VA
County Russell
Area 5.4
Zoning Res
Direction Head northeast on US-19 N. Make a U-turn. Turn left onto VA-80 E. Turn left onto Walnut Ridge Dr. Keep left to stay on Walnut Ridge Dr
Interior
Heating See Remarks
Cooling See Remarks
Heat Source See Remarks
Exterior
Topography See Remarks
Building
Entry Level One
Water Public
Architectural Style Other, See Remarks
Structure Type See Remarks
Schools
Elementary Schools Belfst Elk Grdn
Middle Schools Lebanon
High Schools Lebanon
Others
Senior Community No
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Bought with Jim Griffin • LPT Realty - Griffin Home Group
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