Scott P. Rogers, Associate Broker, Funkhouser Real Estate Group
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MULTI FAMILY PROPERTIES
10812 Phillips Store Rd, Broadway, VA 22815     $625,000
MLS# 590104    For Sale
Area: Rockingham
Circa: 2008 (12 years old)
Lot Size: 9.90 acres
Days on Market:   265 (since May 9, 2019)
Listing By: Cottonwood Commercial LLC
Great investment! Seven rental mobile homes (two double wide and five single wide) on five separate parcels. Total 9.9 wooded acres. Relatively level and pleasant setting with lots of privacy in northern Rockingham County. Each unit has 3 BR and 2 Full BA. Current monthly rental income is $5,600. Rent ranges between $750 to $875. Strong cash flow with low maintenance expense. All units are fully occupied by long term tenants. Each tenant pays separate utility except water. There are separate septic and two shared wells. Each unit was built from 2002 to 2013.
 

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