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Listed by Karl Miller • Karl Miller Realty LLC
$429,900
Est. payment /mo
13 Beds
9 Baths
2.82 Acres Lot
Active
5920 Farmville Rd Farmville, VA 23901
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Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 367258
Bedrooms 13
Full Baths 7
Half Baths 2
Year Built 1930
Annual Tax Amount $1,526
Lot Size 2.820 Acres
Property Sub-Type Multi-Family
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.
Location
State VA
County Prince Edward
Interior
Heating Forced Warm Air-Oil, Heat Pump
Cooling Window Unit(s)
Flooring Carpet, Vinyl, Other
Exterior
Exterior Feature Aluminum Siding, Vinyl Siding
Utilities Available Dominion VA Power Indiv Meter/Electric, Indiv Meter/Water
Building
Sewer Septic Tank
Schools
Elementary Schools Prince Edward Cty-El
Middle Schools Prince Edward Cty-Md
High Schools Prince Edward Cty-Hs
School District Prince Edward
Others
Miscellaneous Individual Laundry
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