About 959 N King St
Seize a rare opportunity to acquire Elmwood Trailer Park, a high-performance asset positioned within the high-demand affordable housing sector. Spanning 2.58 acres, this 15-site park represents a premier entry-point for the savvy investor seeking recession-resistant cash flow. Because zoning for new parks is difficult to obtain, Elmwood benefits from high occupancy and a captive tenant base. This land-lease model reduces exposure to traditional multifamily headaches, shifting focus from interior maintenance to high-level asset management and consistent long-term yield. Elmwood is perfectly positioned for an operator looking to capitalize on predictable income and low turnover. The acreage is optimized for low-cost maintenance while providing residents with a spacious atmosphere. Whether you seek a reliable 1031 exchange or a value-add opportunity, this property offers the fundamental strength for equity growth. Full financials are available upon request.
Features of 959 N King St
| MLS® # | 10621211 |
|---|---|
| Price | $775,000 |
| Bathrooms | 0.00 |
| Acres | 2.58 |
| Type | Commercial/Industrial |
| Sub-Type | Purchase |
| Status | Active |
Community Information
| Address | 959 N King St |
|---|---|
| Area | Hampton Langley |
| Subdivision | ALL OTHERS AREA 103 |
| City | Hampton |
| State | Virginia |
| Zip Code | 23669 |
Amenities
| Utilities | City Sewer, City Water, Electric Avail |
|---|---|
| Features | None |
| Parking | Off Street, Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Cooling | None |
|---|---|
| Fireplace | No |
Exterior
| Exterior | Other |
|---|---|
| Roof | Other |
| Construction | Other |
| Foundation | Other |
Additional Information
| Days on Market | 145 |
|---|---|
| Zoning | C1 |
| Short Sale | No |
| RE / Bank Owned | No |