Peaceful Hollow MHP
118 Peaceful Hollow Rd | North Tazewell, VA 24630-8802, US
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For questions about this property or accessing the financials, please reach out to Lou Febbo at 570-604-2292 & [email protected] Peaceful Hollow Mobile Home Park, a 32-site infill opportunity located in North Tazewell, Virginia. The community currently has two occupied sites with city water and sewer in place, creating a strong foundation for infill. With 30 vacant sites with infrastructure in place, this property presents a rare opportunity to unlock substantial value through infill development, lot rent adjustments, and streamlined operations. Offered at $640, 000, priced below replacement costs ($20, 000 per site), the park is positioned for an operator seeking scale and upside in a market with demand for affordable housing. The investment is made even more attractive with favorable seller financing terms—just 15% down, at 5% interest, with a 7-year interest-only period. Peaceful Hollow’s pro forma demonstrates compelling returns as occupancy is restored. With market lot rents trending upward and direct-billed city utilities in place, an investor can stabilize operations, implement professional management, and capture the full potential of this well-located asset.
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Located in the Appalachian region of southwestern Virginia, Tazewell is a picturesque small town surrounded by mountains, valleys, and the headwaters of the Clinch River. With its scenic charm, rich history, and strong sense of community, Tazewell offers a peaceful small-town atmosphere while remaining well connected to regional hubs via major interstates such as I-77 and I-81. Its natural beauty, combined with affordability and a welcoming community, makes it an attractive place for families, retirees, and professionals seeking quality of life in a rural setting. The local economy is anchored by employers in education, healthcare, government, and retail, with institutions such as Tazewell County Public Schools, Clinch Valley Medical Center, and regional retailers providing stable jobs. While these industries support the area, many households face limited access to modern, affordable housing, creating challenges for both employers and residents. With a high homeownership rate but older housing stock, there is steady demand for quality, reasonably priced rental and manufactured housing options. Investing in affordable housing in Tazewell presents a strong opportunity to meet this need. By offering accessible, comfortable homes, an investor can support the local workforce, attract new residents, and help stabilize the town’s population. The combination of scenic living, strategic interstate access, and unmet housing demand makes Tazewell well positioned for thoughtful growth. Expanding housing options here not only benefits the local economy but also enhances the overall quality of life, ensuring this historic mountain town continues to thrive for years to come.