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959 N King Street , Hampton, VA 23669

$775,000
  • 959 N King Street , Hampton, VA 23669 Main Photo

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Active
MLS#202601213
STATUSActive PROPERTY TYPECommercial - Business

Property Description

Seize a rare opportunity to acquire Elmwood Trailer Park, a high-performance asset positioned within the high-demand affordable housing sector. Spanning 2.58 acres, this 15-site park represents a premier entry-point for the savvy investor seeking recession-resistant cash flow. Because zoning for new parks is difficult to obtain, Elmwood benefits from high occupancy and a captive tenant base. This land-lease model reduces exposure to traditional multifamily headaches, shifting focus from interior maintenance to high-level asset management and consistent long-term yield. Elmwood is perfectly positioned for an operator looking to capitalize on predictable income and low turnover. The acreage is optimized for low-cost maintenance while providing residents with a spacious atmosphere. Whether you seek a reliable 1031 exchange or a value-add opportunity, this property offers the fundamental strength for equity growth. Full financials are available upon request.

Property Features

Property Type: Commercial - Business
Lot Size: 2.58 Acres

Feature Descriptions

Building Features: Multi-Tenant
Days on Site: 7
Parcel#: 8000718

Listed By / Shown By

Listed By

Agency Name: RE/MAX Connect
Agency Phone: 757-525-3639

Shown By

Agency Title: Napier Realtors ERA
Agency Phone: 804-794-4531

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