Outlaw Trailer Court | 2957 Kings Hwy
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Outlaw Trailer Court 2957 Kings Hwy
27 Unit Mobile Home Park $1,900,000 ($70,370/Unit) Suffolk, VA 23435
Investment Highlights
- Below market rental rates represents an opportunity for new investors to increase revenues through better aligning rents with the current market.
- 100% occupancy rate with minimal historic turnover provides ownership with steady and predictable cash flows.
- Well maintained park, requiring minimal maintenance and CAPEX upon takeover.
- Publicly serviced master metered water, representing opportunity to increase revenues through sub metering.
- Majority tenant owned homes, providing ease of management for ownership.
Executive Summary
MH Pro Group is pleased to exclusively offer the sale of Outlaw Trailer Court, a 27-pad manufactured housing community located in Suffolk, Virginia. The community includes one stick built house, and all mobile homes are owned by the tenants. Water services in the park are public and master metered. The sewer in the park is set up on a private 2:1 septic system. The community is currently in excellent condition, and represents an opportunity for new investors to increase revenues through better aligning rents with the current market.
*See the attached Offering Memorandum below under "Data Room" for more information.
*See the attached Offering Memorandum below under "Data Room" for more information.
Data Room Click Here to Access
Property Facts
| Price | $1,900,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $70,370 | Lot Size | 3.94 AC |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 27 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1953 |
| Price | $1,900,000 |
| Price Per Unit | $70,370 |
| Sale Type | Investment |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Lot Size | 3.94 AC |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1953 |
PROPERTY TAXES
| Parcel Number | 302891000 | Improvements Assessment | $79,000 |
| Land Assessment | $498,700 | Total Assessment | $577,700 |
PROPERTY TAXES
Parcel Number
302891000
Land Assessment
$498,700
Improvements Assessment
$79,000
Total Assessment
$577,700
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Outlaw Trailer Court | 2957 Kings Hwy
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