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$ 775,000
Est. payment /mo
Active
959 N King ST Hampton, VA 23669
2.58 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202601213
Construction Status Unknown
HOA Y/N No
Lot Size 2.580 Acres
Acres 2.58
Property Description
Seize a rare opportunity to acquire Elmwood Trailer Park, a high-performance asset positioned within the high-demand affordable housing sector. Spanning 2.58 acres, this 15-site park represents a premier entry-point for the savvy investor seeking recession-resistant cash flow. Because zoning for new parks is difficult to obtain, Elmwood benefits from high occupancy and a captive tenant base. This land-lease model reduces exposure to traditional multifamily headaches, shifting focus from interior maintenance to high-level asset management and consistent long-term yield. Elmwood is perfectly positioned for an operator looking to capitalize on predictable income and low turnover. The acreage is optimized for low-cost maintenance while providing residents with a spacious atmosphere. Whether you seek a reliable 1031 exchange or a value-add opportunity, this property offers the fundamental strength for equity growth. Full financials are available upon request.
Location
State VA
County Hampton
Area 124 - Hampton
Direction Use GPS
Building
Construction Status Unknown
Others
Tax ID 8000718
Ownership Investment
Listed by RE/MAX Connect
NEARBY PROPERTIES
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Emily Carter
Principal Broker | Unknown0225024367
Principal Broker Unknown0225024367
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