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About This Home
This land at 15 Spruce Pine Lane in Bassett, VA is listed for $289,000 (8.58 acres).
Prime investment opportunity in Bassett, VA! This +/- 8.58-acre mobile home park features 26 total lots, serviced by public water and private septic. Ideally located minutes from Philpott Dam for boating, fishing, and hiking. Owner recently invested $40k+ in professional cleanup and removal of abandoned units.
Currently, 9 tenants occupy 10 lots on flexible month-to-month verbal agreements, providing immediate upside for market rent adjustments or management changes. Monthly income is $2,400 with all tenants current. All mobile homes are tenant-owned; no titles transfer. Information is limited to exterior inspection. Buyer acknowledges potential regulations regarding home relocation. Property sold as-is. Auction is subject to VA Statute 55.1-1308.2. Great value-add potential in a scenic location!
Key Features
- 8.58 acre lot
Location
15 Spruce Pine Lane
Bassett, VA 24055
Questions & Answers
This 0-bedroom, 0-bathroom land at 15 Spruce Pine Lane is listed at $289,000. The estimated monthly payment is $1,252 based on 20% down at 6.5% interest.
Key features include: 8.58 acre lot.
This property is listed by Matthew Gallimore and can be reached at 5402392585 or gallimore.matt@gmail.com.
