Newport News, VA 23605,5115 Jefferson AVE
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$ 2,650,000
Est. payment | /mo

2,431 SqFt


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$ 2,650,000
Est. payment | /mo
Save

2,431 SqFt

Key Details

Property Type Commercial

Sub Type Purchase

Listing Status Active

Purchase Type For Sale

Square Footage 2,431 sqft

Price per Sqft $1,090

Subdivision Huntington Heights

MLS Listing ID 10613705

HOA Y/N No

Year Built 1960

Annual Tax Amount $16,673

Lot Size 1930.000 Acres

Property Sub-Type Purchase

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

Location

State VA

County Newport News

Area 106 - Newport News South

Zoning C2

Interior

Heating Other

Cooling Other

Flooring Other

Exterior

Parking Features Off Street

Utilities Available City Sewer, City Water

Roof Type Other

Building

Foundation Other

Others

Senior Community No

Ownership Simple

Disclosures None

Special Listing Condition None

Real Estate Information Network (REIN)
Listed by Atkinson Realty
Reamie Tabin

+1(757) 828-8035

reamie.tabin@exprealty.com

780 Lynnhaven Pkwy # 370, Beach, VA, 23452

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5115 Jefferson AVE