36 Evening Star Ln - Manufactured Housing/Mobile Housing FOR SALE


Martinsville, VA 24112
$1,250,000 USD
316-263-6997
36 Evening Star Ln, Martinsville, VA for Sale
$1,250,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/7
null | Request Cap Rate

36 Evening Star Ln
Martinsville, VA 24112


HIGHLIGHTS

  • Includes 39 total units in a mobile home community and apartment configuration.
  • Property includes 17 park-owned homes.
  • Occupancy is reported at 84.6%.
  • Grocery store located within one-half mile of the property.
  • Multiple employment centers are located within approximately two miles.
  • Served by public utilities.

OVERVIEW

Edgewood MHC is a 39-unit mobile home community and apartment property located at 36 Evening Star Ln in Martinsville, Virginia. The offering includes 17 park-owned homes and is served by public utilities. Current occupancy is reported at 84.6%, providing investors with an opportunity to increase performance through occupancy growth and rental optimization. The property benefits from proximity to everyday services and regional employment drivers. A grocery store is located within one-half mile of the community, while multiple employment centers are situated within approximately two miles. The Martinsville metropolitan area has a reported population exceeding 64,000 residents, supporting local housing demand and workforce accessibility. The combination of existing occupancy, public utility service, and a mix of mobile home community and apartment components provides a foundation for operational improvement. Investors have the opportunity to evaluate leasing and management strategies that may support future income growth while serving residents seeking housing options near employment and neighborhood amenities.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

39

PRICE/UNIT

$32,051

CAP RATE

Request Cap Rate

% LEASED

85%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Edgewood MHC

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.17 AC

LAND SF

137,902 SF

ZONING

SR

APN/PARCEL ID

037500021

ASK ABOUT THIS PROPERTY

Kris WesselNAI MartensMore Info
316-263-6997

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Kris WesselNAI MartensMore Info
316-263-6997

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