15 Spruce Pine Lane, Bassett, Virginia, 24055
8.58 Acres
#426386
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!
PROPERTY DETAILS
ID: 426386
Status: Pending Sale
Price: $274,900
Acres: 8.58 Acres
Price Per Acre: $32,040
Type: Other
Address: 15 Spruce Pine Lane
City, State: Bassett, Virginia
County: Henry
Zip Code: 24055
Lat/Long: 36.759554, -80.051717
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