5920 Farmville Rd, Farmville, VA 23901
- $429,900
- 13
- BD
- List Price
- $429,900
- Status
- ACTIVE
- MLS#
- 367258
- Bedrooms
- 13
- Full Baths
- 7
- Half Baths
- 2
- Lot Size (Acres)
- 2.8200000000000003
- Year Built
- 1930
Property Description
Investor's dream with massive upside potential. This 15-unit portfolio includes a renovated 1930s main home, 14 single-wide mobile homes, and a 3050 metal shop with 12' ceilings plus two 1224 attached sheds with office potential all on one parcel. Units range from 2/1 to 2/1.5 and are in various stages of condition, offering immediate renovation upside. Previously rented at $700/mo per mobile home and $1,500/mo for the main house. The shop and office space provide additional income potential. A high-flow artesian well serves all 15 units with metered billing at $25/mo for the first 1,500 gallons. Grandfathered septic system serves the full property. One unit sustained fire damage and will require removal/replacement. Additional capital investment required but stabilized rents at a 9-cap yield an ARV exceeding $1,100,000. Opportunities like this are rare. Schedule your showing today.
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Additional Information
- Area
- Prince Edward
- Flooring
- Carpet, Vinyl, Other
- Heating
- Heat Pump
- Cooling
- Window/Wall
- Water
- Well
- Sewer
- Septic Tank
- School District
- Prince Edward
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Listing courtesy of Karl Miller Realty LLC.