10812 Phillips Store Rd, BROADWAY

$699,000

0 Beds
0 Baths
8,592 Sqft
9.9 Acres
0 Garages

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.

Essential Information
MLS® #590104
Price$699,000
Square Footage8,592
Acres9.90
Year Built2008
TypeMulti-Family
Sub-TypeOther
StatusActive
Community Information
Address10812 Phillips Store Rd
AreaRockingham
SubdivisionNONE
CityBROADWAY
StateVirginia
Zip Code22815
Interior
HeatingElectric, Heat Pump
CoolingCentral AC
Exterior
FoundationConcrete Block
School Information
ElementaryLacey Spring
MiddleJ. Frank Hillyard
HighBroadway
Additional Information
Date ListedMay 7th, 2019
Days on Market110
ZoningA-2 Agricultural General
Listing Details
OfficeCottonwood Commercial LLC
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