80 BRAD ST, Martinsville, VA 24112 (MLS# 901723)


$295,000
80 BRAD ST
Martinsville, VA 24112
MLS# 901723



10 James St Mobile Home Park
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10 James St Mobile Home Park 10 James St Easement Easement Mobile Home Park 80 Brad St #6 80 Brad St #5 80 Brad St #4 10 James St 30 James St 25 James St Mobile Home Park Mobile Home Park Aerial View Mobile Home Park Aerial View Mobile Home Park MHP MHP 10 James St MHP 10 James St MHP

Property Description
CAP Rate 10%!! Excellent investment opportunity. Own this quiet and secluded, established mobile home park in Franklin Co. Mobile homes convey with purchase. Grand total of 6 pads. 5 park owned mobile homes onsite, most with long term renters. Bring in another mobile home for the 1 empty space, rent the pad OR convert to an RV hookup. 6 septic systems & 2 wells. With nearly 3 wooded acres, there's room to add more units or RV spaces, as desired. You could even build your home on site and manage the properties personally. Nestled in Franklin Co, this investment property is approx 25 min from Rocky Mount, 50 min from Danville and 1 hr from Roanoke. Property sold as is/where is.

Details
General Property Description
Construction Status: Completed
Total Acreage: 6.09
Flood Area: No
On site Parking: Yes
Water Class: N/A
Lease Available: No
Year Built: 1985
Location, Tax & Legal
Major Area: 04 - Franklin County
Legal: Peggy A Witt
Tax ID: 1200007602
Annual Taxes: 561
Area: 0400 - Franklin County
Street Number: 80
Street Name: BRAD
Street Suffix: ST
State/Province: VA
Zip Code: 24112
Municipality: Franklin County
Remarks & Misc
Directions: From Roanoke take 220 S to Sontag Rd. Left on Sontag to Snow Creek Rd. Right on Snow Creek Rd to Brad St. This is the driveway to the mobile home park.
Limited Service
Not Limited Service: 1
Construction
Other - See Remarks: 1
Commercial Type
Investment: 1
Business Type
Type of Business (Historical Field): Mobile Home Park
Sale Includes
Building & Land: 1
Other - See Remarks: 1
Heating
Electric: 1
Cooling
Electric: 1
Income & Expenses
Gross Income: 24300
Gross Expenses: 570.58
Water Description
Private Water: 1
Sewer Description
Private Sewer: 1
Manufactured Homes
HUD Tag - SingleWide: 1
Water Heater Type
Tank: 1
Water Heater Energy
Electric: 1
Additional Features
Other - See Remarks: 1
Contract Information
Current Price: $295,000
Sold Price: $295,000
List Date: 2023-09-16
Status: Closed
Status Change Info
Ratified Contract Dt: 2024-05-29
Sold Date: 2024-06-28
Sold Price: $295,000
Income Expenses
Net Operating Income: 23729.42
Property Features
Limited Service: Not Limited Service
Commercial Type: Investment
Sale Includes: Building & Land; Other - See Remarks
Construction: Other - See Remarks
Heating: Electric
Cooling: Electric
Manufactured Homes: HUD Tag - SingleWide
Additional Features: Other - See Remarks
Water Description: Private Water
Sewer Description: Private Sewer
Water Heater Type: Tank
Water Heater Energy: Electric

Listing Office: DIVINE FOG REALTY COMPANY LLC- ROANOKE

Last Updated: January - 22 - 2026

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