5115 Jefferson Avenue, Newport News, VA 23605
sale
$2,650,000
|
Other
Courtesy Of Atkinson Realty
Sale of Arch Mobile Home Park. 30 Lots Total. 3 Apartments. Same owner for 18 years has reached profitability every year of
ownership. 2 units are on rent to own leases. Remainder are traditional annual leases. Leases range from $699-$1199.
2- units recently added to fill vacant lots and are being renovated. Owner anticipates these units to bring in $20K additional
revenue for 2026 once completed & leased based on historical data. Net annual profit $200000 for most recent years
ownership. 2 units are on rent to own leases. Remainder are traditional annual leases. Leases range from $699-$1199.
2- units recently added to fill vacant lots and are being renovated. Owner anticipates these units to bring in $20K additional
revenue for 2026 once completed & leased based on historical data. Net annual profit $200000 for most recent years
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 32
- MLSID: 10613705
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