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$775,000
Est. payment /mo
2.58 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Purchase
Listing Status Active
Purchase Type For Sale
Subdivision All Others Area 103
MLS Listing ID 10621211
HOA Y/N No
Annual Tax Amount $5,422
Lot Size 2.579 Acres
Property Sub-Type Purchase
Property Description
Seize a rare opportunity to acquire Elmwood Trailer Park, a high-performance asset positioned within the high-demand affordable housing sector. Spanning 2.58 acres, this 15-site park represents a premier entry-point for the savvy investor seeking recession-resistant cash flow. Because zoning for new parks is difficult to obtain, Elmwood benefits from high occupancy and a captive tenant base. This land-lease model reduces exposure to traditional multifamily headaches, shifting focus from interior maintenance to high-level asset management and consistent long-term yield. Elmwood is perfectly positioned for an operator looking to capitalize on predictable income and low turnover. The acreage is optimized for low-cost maintenance while providing residents with a spacious atmosphere. Whether you seek a reliable 1031 exchange or a value-add opportunity, this property offers the fundamental strength for equity growth. Full financials are available upon request.
Location
State VA
County Hampton
Area 103 - Hampton Langley
Zoning C1
Interior
Cooling None
Exterior
Parking Features Off Street, Street
Utilities Available City Sewer, City Water, Electric Avail
Roof Type Other
Building
Foundation Other
Others
Senior Community No
Ownership Simple
Disclosures Spec Warranty Deed
Special Listing Condition Spec Warranty Deed
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Davina Hughes
Team Lead