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Tenant-Owned Mobile Home Park

2957 KINGS HWY, Suffolk, VA 23435

For Sale
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The community pairs a predominantly tenant-owned housing base with paved roads and city water.

Property SizeContact for details
Lot Size3.94 Acres
Days on Market20

Property Features for 2957 KINGS HWY

General Information

Standard status Active
Lot size 3.94 Acres
Property subtype Mobile Home Park
Occupancy 96%
Net Operating Income $157,631

Units

Multifamily Units 27
Park-Owned Homes 1

Additional Details

Asking Price $2,350,000
Utilities to Site Yes
Tenant in Place Yes
Listing Agency: ParaSell Inc
Listed By: Scott Reid · License VA CQ1059597
Source: Crexi
Added: Oct 22 Changed: Nov 8 Last Checked: Nov 10 at 7:22AM

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 ParaSell Inc

Rey
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Investment Insights

Based on property information with market context.

This 27-site mobile home park spans approximately 3.94 acres. It has 26 occupied sites, including 25 tenant-owned homes, plus one vacant park-owned home. A separate three-bedroom, 1.5-bath single-family residence is also part of the property and is rented. Site infrastructure includes paved roads, city water, and septic service.

Located in Suffolk, Virginia, the property combines a primarily tenant-owned community with a rented single-family home and one vacant park-owned unit. The current site count and occupancy provide a clear view of the community’s existing configuration.

Key Highlights

  • 27 sites across approximately 3.94 acres
  • 26 of 27 sites occupied; 25 homes are tenant‑owned
  • One vacant park‑owned home

Property Analytics

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Lease Details

27
Residential units
96%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

53
Businesses Nearby

Demographics for 23435, VA

32,597
Population
13,386
Households
2.4
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
35.7 sq mi
ZIP Area
913
Density / Sq Mi
$107,833
Median Household Income
$52,814
Median Earnings
$1,838
Median Rent
$374,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Mobile home & RV park - The community pairs a predominantly tenant-owned housing base with paved roads and city water.
Where is this mobile home & rv park located?
The property is located at 2957 KINGS HWY Suffolk, VA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 27 sites across approximately 3.94 acres; 26 of 27 sites occupied; 25 homes are tenant‑owned; One vacant park‑owned home
(949) 942-6585 Call to check price and availability
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