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About This Home

This 0-bedroom, 0-bathroom commercial at 959 N King Street in Hampton, VA is listed for $775,000. on a 2.58 acres lot.

Agent 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.

Key Features

  • 2.58 acre lot

Monthly Cost Estimate

$4,145/mo

20% down · 6.5% · 30 years

Principal$560
Interest$3,358
Insurance$226

Estimates only. Actual payments may vary.

Location

959 N King Street

Hampton, VA 23669

ALL OTHERS AREA 103

Property Details

Parking

Off Street

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 959 N King Street is listed at $775,000. The estimated monthly payment is $3,358 based on 20% down at 6.5% interest.

Key features include: 2.58 acre lot.

This property is listed by Rick Brandt and can be reached at (757) 525-3639 or rick@teamtitansells.com.

RB

Rick Brandt

Agent at RE/MAX Connect

(757) 525-3639

Listed by RE/MAX Connect · View on Broker Site

MLS# 10621211· Source: listhub· Updated 98 days ago

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959 N King Street, Hampton, VA 23669

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