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Investment Property Rocky Mount VA

1801 Scuffling Hill Rd : Rocky Mount, VA 24151

Franklin County, Virginia

2.08 Acres
Land Auction
December 2, 2020 4:00
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Land Description

Investment Property for Sale in Rocky Mount Va.

You have the opportunity to purchase a lucrative mobile home park for sale in Franklin County VA. This property features 2.08 acres and 14 mobile home lots located at 1801 Scuffling Hill Road, Rocky Mount VA. Of the 14 lots, three mobile homes are owned and included in the auction, 11 lots have mobile homes that are owned by tenants paying lot rent only. This is a fantastic cashflow and investment opportunity.

Let's talk about income - 11 lots lot rent only are rented for $250 per lot. Two of the mobile homes are two-bedroom, one bath homes. One rents for $550 per month and the other for $450 per month. The third mobile home has two bedrooms and two baths. Home rents for $550 per month. Total Rent is $4,300 per month. All three mobile homes have been remodeled in past three years and have new heat pumps.

Each lot has its own septic system approved for two bedrooms. Septic tanks have had risers installed with access lids / cleanouts for easy access. Each lot has town water with individual meters owned by park. Tenants are responsible for electric and park owner pays water bills. In 2008, new pavement was completed on main driveway around park. All electric meter bases and poles have been replaced. Lots 1-6 had new water lines installed in 2019. Annual expenses are $13,850. There have been zero vacancies since 2006. Refer to bidder pack for more information on rentals and expenses.

This property would be a great investment with proven income potential. It is conveniently located to Roanoke VA and Martinsville Va.

1801 Scuffling Hill Road, Rocky Mount VA 24151

Online Only Auction Ending Wednesday December 2nd 4 Pm

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Bid Online Now

Auction Date - Online Only Ending Wednesday December 2nd 4 Pm

Online Bidding - Online bidding is now active and runs through December 2nd 4 Pm

General Terms and Conditions - 10 Buyer's Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $10,000 required on day of sale December 2nd, 2020. Close on or before January 19th, 2021. Subject to seller confirmation. Download Bidder Information Pack for complete terms and conditions, purchase contract, and maps.

Contact - Broker Matt Gallimore at or Gallimore.matt Auctioneer Barry Muse at Directions - From Rocky Mount, Franklin Street HWY 40 West towards Ferrum, VA Left on Scuffling Hill Road across from 40 West Food Fare Go mile to right at 1801 Scuffling Hill Road, Rocky Mount VA.

More Land Details

AUCTIONFLIP ID
259448
MLS / Other ID
45038-00417
Posted on AUCTIONFLIP
19 Days Ago
Last Updated
7 Days Ago
Views
32
Land features, descriptions, details, directions, sales history, photos, maps, boundaries and files are deemed reliable and provided "as is" without guarantee, warranty, representation, expressed or implied by AUCTIONFLIP or its advertisers, and is subject to errors, omissions, sale or withdrawal. Contact the seller directly regarding this listing.