132 Link Cir Immeuble residentiel 28 lots À vendre Newport, VA 24128

Newport Estates Mobile Home Park presents the opportunity to acquire a stabilized manufactured housing community in Newport, Virginia, within the New River Valley region of Southwest Virginia. The property consists of 28 pads with 26 occupied pads and operates as a 100% tenant-owned community, creating a streamlined ownership structure with limited capital responsibility for homes. Utility infrastructure is designed to minimize operating expenses, with electric service independently metered, water sub-metered and recaptured, and trash billed directly to residents.
The community benefits from its location along the US Route 460 corridor, providing convenient access to Blacksburg, Christiansburg, and the broader New River Valley employment base. Major regional demand drivers include Virginia Tech, Volvo Group North America, Radford University, Carilion New River Valley Medical Center, BAE Systems at the Radford Army Ammunition Plant, and Celanese. These institutions and employers support long-term housing demand throughout the region and contribute to the area's economic stability.
Newport Estates offers a measurable rental growth opportunity. Current lot rents average $376 per month, while comparable communities cited in the offering memorandum report asking lot rents ranging from $415 to $600 per month, with an average of $553. The property's tenant-owned home model, limited owner-paid utility obligations, and established occupancy create a platform for future revenue growth through rent adjustments while maintaining affordability relative to competing communities.
The combination of stable operations, tenant-owned homes, utility pass-through structure, proximity to major regional employers, and access to the New River Valley's educational, healthcare, and manufacturing centers positions Newport Estates as an attractive manufactured housing investment opportunity.