235 Columbia Ave - Manufactured Housing/Mobile Housing FOR SALE


Bristol, VA 24201
$1,404,000 USD
423-956-5707
235 Columbia Ave, Bristol, VA for Sale
$1,404,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/2
null | Request Cap Rate

235 Columbia Ave
Bristol, VA 24201


HIGHLIGHTS

  • 24-unit investment portfolio featuring 3 single-family homes and 21 mobile homes.
  • 18 tenant-owned mobile homes and 3 park-owned units offer stable rental income
  • Approved for 27 mobile home sites with 5 vacant infill lots ready for expansion
  • Includes a .37-acre vacant lot for future development or resale
  • Three stick-built homes with varied layouts, including a 3BR/3BA with basement and garage.
  • Adjacent to Mumpower Park with tennis courts, basketball courts, and planned bike trail

OVERVIEW

ATTENTION INVESTORS!! 24-unit portfolio MHP located in the city of Bristol, VA. This sale contains 3 single family rental homes, 21 mobile homes with 18 being tenant owned and 3 park owned. A total of 4.7 acres in multiple parcels, it is approved for 27 mobile home sites leaving 5 vacant infill sites available. This sale also includes a buildable vacant lot consisting of .37 acres. Property deeds and/or surveys to govern. The three conventional stick built homes include 155 Columbia Ave - a 2 BR, 1 BA home with natural gas heat and currently rented; 185 Superior Court - a 3 BR, 3 BA home with a full basement and 2 garage doors, HVAC, currently rented, and 269 Superior Court - a 2BR, 1 BA home with natural gas heat, currently vacant and being remodeled. Property adjoins Mumpower Park, a 3-acre elongated city park along Beaver Creek that includes 3 Illuminated tennis courts, Basketball courts, with plans for a bike trail through the park. Nice Central location, this property is near Euclid Avenue shopping and business district and bustling historic downtown Bristol. Contact agent for further details and financials.

FOR SALE DETAILS

PRICE

$1,404,000 USD

PRICE/SF

$58 USD /SF

# OF UNITS

24

PRICE/UNIT

$58,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.7 AC

LAND SF

204,732 SF

ZONING

-

APN/PARCEL ID

18-1-66,18-13-1,18-7-4-7,18-7-4-9B-10,1874899A

ASK ABOUT THIS PROPERTY

Glenn PerkinsTCI Group - Jerry Petzoldt Agency LLCMore Info
423-956-5707

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Glenn PerkinsTCI Group - Jerry Petzoldt Agency LLCMore Info
423-956-5707

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