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959 N King St

Hampton, VA 23669
  • $775,000
  • STATUS: Active
  • ON SITE: 45 Days
  • ID#: 10621211
UPDATED: 54 min ago
$775,000
  • 0
    BEDS
  • 2.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial

School Ratings & Info

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.

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www.levyandassociatesrealtors.com/homes/173277578
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959 N King St Hampton, VA 23669

  • Price: $775,000
  • Status: Active
  • On Site: 45 Days
  • Updated: 54 min ago
  • ID#: 10621211
0
Beds
0
Baths
0
½ Baths
2.58
Acres
Neighborhood:
All Others Area 103
Area:
103 - Hampton Langley
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.
Exterior Features

Construction Other Exterior Siding Other Foundation Type Other Garage YN No Location Other Parking Off StreetStreet Roof Other

Interior Features

Cooling None

Property Features

Contingency Exists Non Contingent Disclosure Spec Warranty Deed Features None Lease Type Monthly Neighborhood Name ELMWOOD TRAILER PARK New Construction YN No Ownership Type Simple Possession CLOSING Tax Amount Approx 5422 Use Type Other Utilities City SewerCity WaterElectric Avail Zoning C1

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Rosalind Levy | The Agency Coastal
408 Laskin Road, Ste B
Virginia Beach VA, 23451