Mobile Home Park | 24 Units | 1.411 Acre Site | 100% Leased
Property Summary
One South Commercial is pleased to bring to market the Brinkley Trailer Court – a 24-lot mobile home park situated on a 1.411-acre site in Portsmouth, Virginia.
This property is a fully leased investment opportunity located at 3401-3405 George Washington Highway in the southeast portion of Portsmouth, more specifically, in the Cradock area. The neighborhood is an established, suburban residential and commercial area with many shopping locations and service businesses available nearby for the tenants of the trailer court. The residents have easy access to all parts of Portsmouth.
Mobile Home parks are a steady investment with rents poised to increase as the Virginia Beach – Norfolk MSA is seeing continued population and rental growth. The Norfolk MSA is the 37th largest MSA in the country and has a population of 1.7M. Thanks to the large military presence and strong growth of the Norfolk Port, the area has seen large rental increases in recent years. Close to the property are the Portsmouth Naval Hospital and the Norfolk Naval Shipyard with their large employee populations.
The Brinkley Trailer Court is in an excellent location and offers the tenants a stable environment and affordable rents in which to live. An investor should always have a large body of tenants in which to choose from.
PROPERTY DETAILS
| Units | 24 |
|---|---|
| Parcel ID | 0385-0010, 0385-0020 |
| Zoning Desc. | IN |
| Co-broker Fee | Yes |