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.
Key Features
- 2.58 acre lot
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.
Monthly Cost Estimate
$4,145/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
959 N King Street
Hampton, VA 23669
ALL OTHERS AREA 103
Property Details
Parking
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 959 N King Street is listed at $775,000. The estimated monthly payment is $4,145 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 2.58 acre lot.
This property is listed by Rick Brandt and can be reached at (757) 525-3639.
