71 Myers Moon Rd - Manufactured Housing/Mobile Housing FOR SALE


Monterey, VA 24465
$813,375 USD
540-433-2454
71 Myers Moon Rd, Monterey, VA for Sale
$813,375 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/49
null | 8% Cap Rate

71 Myers Moon Rd
Monterey, VA 24465


OVERVIEW

Time Tested Safest Investment! Unique Opportunity To Own The Very Definition Of Affordable Housing With Thriving Demand. Monterey, VA Offers country living and small town conveniences. 71 Myers Moon is a stick built 3 bedroom 2 bath home with 2023 upgrades that include a new roof, and fresh interior painting. 107 Myers Moon consists of a nice doublewide with 2023 upgrades including new HVAC, new roof, paint, flooring and fixtures. 101 Myers Moon is a triple wide on a permanent foundation, taxed as real estate and also received a complete renovation in 2023. There are currently 11 single wide occupied lots and 7 additional lots are vacant, adding a significant upside to the current cash flows being realized. All units are on public water and public sewer. Marketed at a 8% CAP on actual NOI.

FOR SALE DETAILS

PRICE

$813,375 USD

PRICE/SF

$33 USD /SF

# OF UNITS

18

PRICE/UNIT

$45,188

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.17 AC

LAND SF

138,037 SF

ZONING

-

APN/PARCEL ID

31A4 A 11

ASK ABOUT THIS PROPERTY

John BowmanOld Dominion RealtyMore Info
540-433-2454

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John BowmanOld Dominion RealtyMore Info
540-433-2454

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