5188 Yellow Mountain Rd | Roanoke, VA 24014-6734, US
The MHP Value Team at EXP Commercial is pleased to offer for sale Mountain View MHC, an 18-site manufactured housing community located in Roanoke, Virginia. The community is comprised of 15 tenant-owned homes paying an average lot rent of $512 per month, one rent- to-own home paying $515 lot rent plus $765 home rent (maturing in 2039), and two vacant lots with infrastructure in place. The property operates on well water and septic sewer systems. Mountain View MHC offers investors a stable, cash- flowing asset in a strong Roanoke MSA location with the security of an all-tenant-owned-home base. The community also provides value-add upside through the infill of the two vacant lots, in a market that supports the sale of new mobile homes. This investment represents an opportunity to acquire a well-positioned and stable property with consistent income, while still leaving room for growth and value creation and a clear path to double digit returns.
Located in the heart of Virginia’s Blue Ridge Mountains, the Roanoke Metropolitan Area is a vibrant region that blends natural beauty with economic opportunity. Known as the “Star City of the South, ” Roanoke offers a unique balance of urban amenities and outdoor living, with easy access to hiking, biking, and cultural attractions. The metro area includes the independent City of Roanoke and surrounding communities, providing a strong sense of connection while remaining within reach of larger hubs like Greensboro, Charlotte, and Washington, D.C. Roanoke’s economy is supported by major employers such as Carilion Clinic, Virginia Tech Carilion School of Medicine, Advance Auto Parts, and Norfolk Southern, alongside a growing technology and healthcare sector. These industries are vital to the region’s continued growth, yet many workers face a shortage of quality affordable housing options. Rising rents and limited supply create challenges for families and professionals seeking stable, cost-effective housing, highlighting the demand for alternatives like well-maintained Mobile Home Communities. Investing in affordable housing and Mobile Home Parks in the Roanoke metro area represents a compelling opportunity. With stable employment, population growth over the past decade, and a limited supply of low- cost housing, the fundamentals point toward strong long-term demand. By providing accessible, affordable options, investors can support the local workforce, help address a pressing housing shortage, and secure steady cash flow in a market positioned for sustainable growth. Expanding affordable housing in Roanoke not only strengthens the regional economy but also enhances the quality of life for its residents.