Collinsville Mobile Home Park

Investment Overview

Collinsville Mobile Home Park presents an investment opportunity in a 58-lot manufactured housing community situated on approximately 4.94 acres at 95 & 212 Ridgecrest Avenue in Collinsville, Virginia. Offered for sale at $2,075,000 with a 7.50% cap rate and NOI of $156,425, the property features 50 occupied lots and eight vacant lots, providing existing income with additional lease-up potential. The community includes seven park-owned homes and one rent-to-own home, with average lot rents of approximately $270 per month. Property improvements include paved internal roads and water and sewer utilities. Conveniently located near the US-220 Business corridor, the property provides access to shopping, dining, healthcare, and major employers throughout the Martinsville–Henry County region. Ongoing regional industrial investment and employment growth further support the area's demand for affordable workforce housing.

Investment Highlights

• 58-lot manufactured housing community situated on ±4.94 acres
• Offered at $2,075,000 with a 7.50% cap rate and $156,425 NOI
• 86.2% occupancy with 50 occupied lots and eight vacant lots
• Seven park-owned homes and one rent-to-own home
• Average lot rent of ±$270/month with additional lease-up potential
• Paved internal roads and water and sewer utilities, conveniently located near the US-220 Business corridor