Collinsville Mobile Home Park

Collinsville Mobile Home Park is located at 95 & 212 Ridgecrest Avenue in Collinsville, Virginia, within the Martinsville, Henry County region. Situated near the US-220 Business corridor, the property offers convenient access to shopping, dining, healthcare, and essential services in Collinsville and nearby Martinsville. Surrounding amenities include Walmart, Lowe’s Home Improvement, Kroger, Sovah Health–Martinsville, and Patrick & Henry Community College. The property is also within proximity to regional attractions such as Martinsville Speedway and the Virginia Museum of Natural History. Its location provides access to established employment centers and ongoing economic development throughout Henry County, supporting the area's demand for affordable workforce housing.Collinsville Mobile Home Park presents an investment opportunity in a 58-lot manufactured housing community situated on approximately 4.94 acres at 95 & 212 Ridgecrest Avenue in Collinsville, Virginia. Offered for sale at $2,075,000 with a 7.50% cap rate and NOI of $156,425, the property features 50 occupied lots and eight vacant lots, providing existing income with additional lease-up potential. The community includes seven park-owned homes and one rent-to-own home, with average lot rents of approximately $270 per month. Property improvements include paved internal roads and water and sewer utilities. Conveniently located near the US-220 Business corridor, the property provides access to shopping, dining, healthcare, and major employers throughout the Martinsville–Henry County region. Ongoing regional industrial investment and employment growth further support the area's demand for affordable workforce housing.