1841 Grit Rd - Manufactured Housing/Mobile Housing FOR SALE


Hurt, VA 24563
$1,350,000 USD
804-819-9948
1841 Grit Rd, Hurt, VA for Sale
$1,350,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/8
null | 9.02% Cap Rate

1841 Grit Rd
Hurt, VA 24563


HIGHLIGHTS

  • 26-pad community located on 13.08 acres in Hurt, Virginia.
  • Mix of 13 park-owned homes and 13 tenant-owned homes ensuring income diversity.
  • Stable occupancy supported by strong employment corridor near Altavista and Hurt.
  • Municipal water and septic system in place with low-density layout.
  • Positioned minutes from major manufacturing employers and regional distribution hubs.
  • Future upside via additional acreage available for expansion or enhancements.

OVERVIEW

Crest Woods Mobile Home Park offers investors a stabilized, income-producing manufactured housing community in the heart of Virginia’s growing Southside economic corridor. Located at 1841 Grit Road in Hurt, the property encompasses 26 pads across 13.08 acres, with half designated as tenant-owned homes and half as park-owned units. With approximately 6.84 acres in active use and remainder acreage available, there is opportunity for additional development or operational flexibility. The community provides consistent cash flow supported by a strong regional employment base, including major employers such as Abbott Nutrition, Avio USA, and Graham Packaging. Positioned near Altavista and within driving distance of industrial hubs, the park benefits from reliable workforce housing demand and a history of operational stability. Municipal water and septic service are in place, along with a layout that promotes easy access and attractive site flow. Priced at $1,350,000 and offering a projected Year 1 NOI of $121,779, this asset represents a compelling opportunity to acquire a well-maintained community in a market experiencing sustained job growth and infrastructure investment.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

26

PRICE/UNIT

$51,923

CAP RATE

9.02%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crest Woods Mobile Home Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

13.08 AC

LAND SF

569,765 SF

ZONING

MHP

APN/PARCEL ID

2555-97-0229

ASK ABOUT THIS PROPERTY

Clay TaylorCushman & Wakefield | ThalhimerMore Info
804-819-9948

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Clay TaylorCushman & Wakefield | ThalhimerMore Info
804-819-9948

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.