45 Plasters Park Cir Martinsville, VA 24112-7215
This exceptional investment opportunity presents a 13-lot mobile home park situated on an expansive 8.72-acre lot in Martinsville, Virginia (zip code 24112, address 45 Plasters Pk Cir). Currently, nine lots are leased, generating immediate cash flow. The property is zoned A-1 Agriculture. A key feature is the recently added 13th lot, offering increased potential rental income. This lot boasts a private location at the rear of the park and includes a standalone septic system. All mobile homes are tenant-owned, minimizing landlord responsibilities. The park benefits from Public Service Authority (PSA) water connections, with individual meters ensuring tenants cover their water usage. A septic maintenance fee is collected from each tenant to offset associated costs. Recent improvements include the installation of three additional streetlights, new mailboxes, and updated signage, enhancing the park's overall appeal and functionality. Financial information and park regulations are available upon request. This turnkey operation offers a low-maintenance approach to real estate investment with significant upside potential. The property is priced at $325,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
A1 · Martinsville, VACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.