5000 Midlothian Turnpike, Richmond, VA 23225

Property Description

Oak View Mobile home park is a 31 space mobile home community in Richmond, just southwest of the city and along the bus line with public water and sewer. Great proximity to retail, employment and other amenities. Average rents are $535 per month which includes water and sewer presenting a tremendous opportunity to break out these costs and charge back to tenant, for a value add opportunity. There is upside for new ownership to also increase rents, as rents have increased steadily over the last few years and lease up of the four additional sites. Sale is for the lots only; NO mobile homes included-all homes owned by tenants. Also for sale is 15 Brumskill Ct, Cumberland; owner would prefer to sell both together but will sell separate.