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5115 Jefferson Ave

Newport News, VA 23605
  • $2,650,000
  • STATUS: Active
  • ON SITE: 36 Days
  • ID#: 10613705
UPDATED: 12 min ago
$2,650,000
  • 0
    BEDS
  • 1.93
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,431
    SQFT
  • $1,090
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960

School Ratings & Info

Description

Sale of Arch Mobile Home Park. 30 Lots Total. 3 Apartments. Same owner for 18 years has reached profitability every year ofownership. 2 units are on rent to own leases. Remainder are traditional annual leases. Leases range from $699-$1199.2- units recently added to fill vacant lots and are being renovated. Owner anticipates these units to bring in $20K additionalrevenue for 2026 once completed & leased based on historical data. Net annual profit $200000 for most recent years

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www.movetovb.com/homes/171478963
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5115 Jefferson Ave Newport News, VA 23605

  • Price: $2,650,000
  • Status: Active
  • On Site: 36 Days
  • Updated: 12 min ago
  • ID#: 10613705
0
Beds
0
Baths
0
½ Baths
1.93
Acres
2,431
SQFT
$1,090
$/SQFT
1960
Built
Neighborhood:
Huntington Heights
Area:
106 - Newport News South
Property Description
Sale of Arch Mobile Home Park. 30 Lots Total. 3 Apartments. Same owner for 18 years has reached profitability every year ofownership. 2 units are on rent to own leases. Remainder are traditional annual leases. Leases range from $699-$1199.2- units recently added to fill vacant lots and are being renovated. Owner anticipates these units to bring in $20K additionalrevenue for 2026 once completed & leased based on historical data. Net annual profit $200000 for most recent years
Exterior Features

Construction Modular Exterior Siding Other Foundation Type Other Garage YN No Location Other Lot Depth 192 Lot Front 439 Parking Off Street Roof Other

Interior Features

Cooling Other Flooring Type Other Heating Other

Property Features

Contingency Exists Non Contingent Disclosure None Features None Lease Type None Master Model YN No Neighborhood Name ARCH MOBILE HOME PARK New Construction YN No Ownership Type Simple Possession SETTLEMENT Tax Amount Approx 16673 Use Type Office Utilities City SewerCity Water Zoning C2

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Tyler Hawa Homes | 1st Class Real Estate Coastal Breeze
566 Denbigh Blvd. Units A&B
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