149 Stephenson Rd, Stephenson, VA 22656

Property Description

Spring Meadows Mobile Home Park Spring Meadows MHP presents a compelling value-add investment opportunity featuring 30 total pads, with 24 currently occupied by long-term tenants, providing stable and consistent income. The property benefits from a tenant-responsible utility structure, as each pad is individually metered for water and electricity, minimizing owner expense exposure. Septic systems are configured with two pads per hookup, with tenants responsible for ongoing maintenance and tank pumping, further reducing operational overhead. All mobile homes within the community are tenant-owned, with the exception of one park-owned unit that is currently uninhabitable, presenting potential for removal or replacement to enhance revenue. Strategically located just off Route 11 and minutes from Interstate 81, the property offers excellent accessibility and sits in a highly desirable corridor with strong demand for affordable housing. Additionally, the park provides room for expansion with the potential to add additional mobile homes, offering clear upside through increased pad count and income growth. Investment Highlights: 30 Total Pads | 24 Occupied (Long-Term Tenants) Tenant-Owned Homes (TOH) Community Individually Metered Utilities (Water & Electric) Tenant Responsibility for Septic Maintenance Value-Add Opportunity (Infill + Expansion Potential) Strong Location Near Route 11 & I-81 Contact for additional financials and details.