80 Brad Street

Martinsville, VA 24112

$300,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

CAP Rate 10%. Excellent investment opportunity. Own this quiet and secluded, established mobile home park in Franklin Co. Mobile homes convey with purchase. Grand total of 6 pads. 5 park owned mobile homes onsite and all 5 rented, most with long term tenants. Bring in another mobile home for the empty pad, rent the lot only OR convert to an RV hookup. 6 septic systems & 2 wells. With nearly 3 wooded acres, there's room to add more units or RV spaces, as desired. You could even build your home on...CAP Rate 10%. Excellent investment opportunity. Own this quiet and secluded, established mobile home park in Franklin Co. Mobile homes convey with purchase. Grand total of 6 pads. 5 park owned mobile homes onsite and all 5 rented, most with long term tenants. Bring in another mobile home for the empty pad, rent the lot only OR convert to an RV hookup. 6 septic systems & 2 wells. With nearly 3 wooded acres, there's room to add more units or RV spaces, as desired. You could even build your home on site and manage the properties personally. Nestled in Franklin Co, this investment property is approx 25 min from Rocky Mount, 50 min from Danville and 1 hr from Roanoke. Property sold as is/where is.
  1. Listed by AMANDA PATTERSON • DIVINE FOG REALTY COMPANY LLC- ROANOKE

Property Details for 80 Brad Street

Zoning
NZ
Subdivision Name
NA
Covered Spaces
31829.0

Location

Listing Courtesy of DIVINE FOG REALTY COMPANY LLC- ROANOKE, AMANDA PATTERSON
Add your commute
LISTING UPDATED: 03/30/2024 08:51 AM

Property Details for 80 Brad Street

StatusActive
MLS #901529
Days on Market218
Taxes$165 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMultiFamily
Year Built1985
Lot Size6.09 AC / 265,280 SF
CountyFranklin County

Location

Listing Courtesy of DIVINE FOG REALTY COMPANY LLC- ROANOKE, AMANDA PATTERSON
Add your commute

Building Information for 80 Brad Street

Stories-Residences5Year Built1985Building Size-Lot Size6.09 AC / 265,280 SF

Payment Calculator

$1,651 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,637

Property Taxes

$14

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 80 Brad Street

Summary
Location and General Information
  • Directions: From Roanoke take 220 S to Sontag Rd. Left on Sontag to Snow Creek Rd. Right on Snow Creek Rd to Brad St. This is the driveway to the mobile home park.
  • MLS Area Major: 0400 - Franklin County
  • City: Martinsville
  • State Or Province: VA
  • Postal Code: 24112
  • County Or Parish: Franklin County
  • MLS Area Minor: 0400 - Franklin County
  • General Property Description - Water Class: N/A
Taxes and HOA
  • Association YN: No
  • Association Fee: $0
  • Parcel Number: 1200007602
  • Tax Block: 0
  • Tax Lot: 0
  • Tax Tract Or Section: 0
  • Tax Amount: $165
  • Location Legal Taxes - Phase: $0
  • Location Legal Taxes - Annual Taxes: $165
  • Location Legal Taxes - Section: 0
  • Location Legal Taxes - POA YN: No
School Information
  • Elementary School: Snow Creek
  • Middle Or Junior School: Ben Franklin Middle
  • High School: Franklin County
Parking
  • Attached Garage: No
  • General Property Description - Parking Description: Street
Property
Lot Information
  • Lot Size Acres: 6.09
  • Lot Size Area: 6.09
  • Lot Size Units: Acres
  • Lot Size Square Feet: 265280.4
  • General Property Description - Total Acreage: 6.09
Property and Assessments
  • Total Bathrooms Source: MLS
  • Property Type: MultiFamily
  • Year Built: 1985
  • Property Type Label: MultiFamily
  • General Property Description - Construction Status: Completed
Utilities
  • Sewer: Private Septic
  • Water Description - Shared Well: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Manufactured
Interior Features
  • Water Heater Type - Tank: Yes
  • Water Heater Energy - Electric: Yes
  • Heating: Heat Pump
  • Basement: Crawl Space
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Heating: Yes
  • General Property Description - Basement: No
  • General Property Description - # Furnished: 0.0
  • General Property Description - # Unfurnished: 5.0
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
  • General Property Description - # Leased Units: 5
Income & Expenses
  • Gross Scheduled Income: $32,400
  • Operating Expense: $571
  • General Property Description - Gross Income: $32,400
  • Gross Income: $32,400
  • Net Operating Income: $31,829
Unit 1
  • Units Total: 10 James
  • Beds Total: 3
  • Furnished: 2
  • SqFt: 1400
Unit 2
  • Units Total: 25 James
  • Beds Total: 3
  • Furnished: 2
  • SqFt: 980
Unit 3
  • Units Total: 30 James
  • Beds Total: 2
  • Furnished: 2
  • SqFt: 980
  • Parking: Refrigerator
  • Rent: Range Electric
Unit 4
  • Units Total: 80 Brad #4
  • Beds Total: 2
  • Furnished: 2
  • SqFt: 980
Unit 5
  • Units Total: 80 Brad #5
Rental
Rental Information
  • Lease Term: Renewable Option, Month-to-Month
  • Tenant Expenses - All Utilities: Yes
  • Tenant Expenses - Deposit: Yes
  • Tenant Expenses - Trash Disposal: Yes

Property History for 80 Brad Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 80 Brad Street

This home is within Franklin County Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Snow Creek Elementary School
PublicPK to 5

Ben. Franklin Middle-West
Public6 to 8

Franklin County High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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80 Brad Street is a multi-family home for sale in Martinsville, VA 24112. This property was listed for sale on September 9, 2023 by DIVINE FOG REALTY COMPANY LLC- ROANOKE, it's currently listed at $300,000. This listing's school district is Franklin County Public Schools. Nearby schools include Snow Creek Elementary School, Ben. Franklin Middle-West and Franklin County High School. 80 Brad Street is a 0-bed, 0-bath, multi-family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of DIVINE FOG REALTY COMPANY LLC- ROANOKE, AMANDA PATTERSON

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.