959 N King Street, Hampton Langley, VA 23669
- $775,000
- List Price
- $775,000
- Status
- ACTIVE
- MLS#
- 10621211
- Acres
- 2.58
- County
- Hampton VA
- City
- Hampton Langley
- Subdivision
- All Others Area 103
- Neighborhood
- Elmwood Trailer Park
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.
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Additional Information
- Cooling
- None
- Roof
- Other
- Exterior
- Other
- Parking Description
- Off Street, Street
- Contingency Exists
- Non Contingent
- Days on Market
- 115
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Listing courtesy of RE/MAX Connect.
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