Mobile Home Park with Septic
For Sale
Contact for pricing
1068 Cedar Hill Drive, Lynchburg, VA 24503
Established mobile home community with tenant-owned and park-owned homes, individual electric billing, and submetered city water.
Property SizeContact for details
Days on Market21
Property Features for 1068 Cedar Hill Drive
General Information
Standard status
Active
Property subtype
Mobile Home Park
Investment Type
Stabilized
Net Operating Income
$130,000
Building Details
Tenancy
Multi
Listing Agency:
MHP Brokerage
Listed By:
Ward Saunders · License #FA.100102980
Source:
Crexi
Added: Aug 17
Changed: Sep 3
Last Checked: Sep 3 at 2:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MHP Brokerage
Investment Insights
Based on property information with market context.
This mobile home park contains 32 lots, including 1 currently vacant lot, with a mix of tenant-owned and park-owned homes. The property is served by 25 septic tanks, which were pumped and equipped with risers during recent capital work. Lots have also been prepared for placement of additional park-owned homes.
City water is submetered, although tenants are not currently billed separately for usage. Residents pay their own electricity, while the park covers street lighting. Trash service is included in rent, with collection handled from individual bins and disposal at the dump. Septic systems are serviced on a five-year cycle and were most recently serviced two years ago.
City water is submetered, although tenants are not currently billed separately for usage. Residents pay their own electricity, while the park covers street lighting. Trash service is included in rent, with collection handled from individual bins and disposal at the dump. Septic systems are serviced on a five-year cycle and were most recently serviced two years ago.
Key Highlights
- 32‑lot mobile home park with 1 vacant lot
- 20 tenant‑owned homes and 11 park‑owned homes
- 25 septic tanks serving the community
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 24503, VA
19,810
Population
8,755
Households
2.3
Avg Household Size
44
Median Age
59%
College-Educated
96%
High-School Grad
36.7 sq mi
ZIP Area
540
Density / Sq Mi
$92,025
Median Household Income
$46,521
Median Earnings
$972
Median Rent
$320,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Established mobile home community with tenant-owned and park-owned homes, individual electric billing, and submetered city water.
Where is this mobile home & rv park located?
The property is located at 1068 Cedar Hill Drive Lynchburg, VA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 32‑lot mobile home park with 1 vacant lot; 20 tenant‑owned homes and 11 park‑owned homes; 25 septic tanks serving the community
