95 & 212 Ridgecrest Avenue

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Address: 95 & 212 Ridgecrest Avenue

Washington DC + Apartment Buildings

Created date: October 23, 2026

Date last updated: October 23, 2026

Price: $2,075,000Investment Analyzer NEW!

58-lot manufactured housing community situated on ±4.94 acres
Offered at $2,075,000 with a 7.50% cap rate and $156,425 NOI
86.2% occupancy with 50 occupied lots and eight vacant lots
Seven park-owned homes and one rent-to-own home
Average lot rent of ±$270/month with additional lease-up potential
Paved internal roads and water and sewer utilities, conveniently located near the US-220 Business corridor

Property Description

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.

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Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$2,075,000
No. of Units:	58
Lot Size:	4.94 Acres
Opportunity Zone:	No
Price per unit:	$35,776
Property Website	Click Here

Address: 95 & 212 Ridgecrest Avenue, Collinsville, VA 24078, USA

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Investment Analyzer

Step 1Financing Calculation

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Financed Amount

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Annual P&I

Step 2Gross Rent Analysis

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Gross Rent *

Management Fee

Maintenance Reserve

Insurance

Property Taxes

Vacancy Reserve

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Monthly Net Income

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Step 3Cap Rate Calculation

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Price Based on Cap Rate

Cap Rate Based on Price

Step 4Final Deal Analysis

Monthly Cashflow

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Cash on Cash Return

Overall Return on Full Price

Annual Approx. Depreciation

Annual Approx Market Appreciation

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