5115 Jefferson Avenue, Newport News South, VA 23605

Property Description

Sale of Arch Mobile Home Park. 30 Lots Total. 3 Apartments. Same owner for 18 years has reached profitability every year of ownership. 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 additional revenue for 2026 once completed & leased based on historical data. Net annual profit $200000 for most recent years