5920 Farmville Rd, Farmville, VA 23901
5920 Farmville Rd, Farmville, VA 23901
5920 Farmville Rd, Farmville, VA 23901
5920 Farmville Rd, Farmville, VA 23901
5920 Farmville Rd, Farmville, VA 23901
5920 Farmville Rd, Farmville, VA 23901
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Listed by Karl Miller • Karl Miller Realty LLC
$ 429,900
Est. payment | /mo

13 Beds

9 Baths

2.82 Acres Lot

Save
$ 429,900
Est. payment | /mo
Save

13 Beds

9 Baths

2.82 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 367258

Bedrooms 13

Full Baths 7

Half Baths 2

Year Built 1930

Annual Tax Amount $1,526

Lot Size 2.820 Acres

Property Sub-Type Multi-Family

Property Description

Investor's dream with massive upside potential. This 15-unit portfolio includes a renovated 1930s main home, 14 single-wide mobile homes, and a 3050 metal shop with 12' ceilings plus two 1224 attached sheds with office potential all on one parcel. Units range from 2/1 to 2/1.5 and are in various stages of condition, offering immediate renovation upside. Previously rented at $700/mo per mobile home and $1,500/mo for the main house. The shop and office space provide additional income potential. A high-flow artesian well serves all 15 units with metered billing at $25/mo for the first 1,500 gallons. Grandfathered septic system serves the full property. One unit sustained fire damage and will require removal/replacement. Additional capital investment required but stabilized rents at a 9-cap yield an ARV exceeding $1,100,000. Opportunities like this are rare. Schedule your showing today.

Location

State VA

County Prince Edward

Interior

Heating Forced Warm Air-Oil, Heat Pump

Cooling Window Unit(s)

Flooring Carpet, Vinyl, Other

Exterior

Exterior Feature Aluminum Siding, Vinyl Siding

Utilities Available Dominion VA Power Indiv Meter/Electric, Indiv Meter/Water

Building

Sewer Septic Tank

Schools

Elementary Schools Prince Edward Cty-El

Middle Schools Prince Edward Cty-Md

High Schools Prince Edward Cty-Hs

School District Prince Edward

Others

Miscellaneous Individual Laundry

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5920 Farmville Rd