Hampden Hollow Lane , Meherrin, VA 23954(Prince Edward County)

15 Acres in Meherrin, VA - $322,500

Ten immaculate rental units grossing approx. $74,580 annually with annual expenses averaging $35,871 leaving a net return of $38,709.Having a whopping 12% Capitolization rate this investment property is a tremendous money maker. 9 units are mobiles, 1 1994 model, 6 1999 models, 1 2000 model, 1 2001 model, and the 10th unit is a yr. 2000 model doublewide. All units are in immaculate condition!! Each of these units has its own septic system and water is served by 3 strong wells. There is ample yard area and parking with each unit. The current owner has been very diligent in maintaining these homes. Approximately 15 acres of land will convey with the units having approx. 280 feet of frontage on Meherrin Road. There is a 50' deeded easement proposed.