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Investment Highlights

  • Includes 39 total units in a mobile home community and apartment configuration.
  • Occupancy is reported at 84.6%.
  • Multiple employment centers are located within approximately two miles.
  • Property includes 17 park-owned homes.
  • Grocery store located within one-half mile of the property.
  • Served by public utilities.

Executive Summary

Edgewood MHC is a 39-unit mobile home community and apartment property located at 36 Evening Star Ln in Martinsville, Virginia. The offering includes 17 park-owned homes and is served by public utilities. Current occupancy is reported at 84.6%, providing investors with an opportunity to increase performance through occupancy growth and rental optimization.
The property benefits from proximity to everyday services and regional employment drivers. A grocery store is located within one-half mile of the community, while multiple employment centers are situated within approximately two miles. The Martinsville metropolitan area has a reported population exceeding 64,000 residents, supporting local housing demand and workforce accessibility.
The combination of existing occupancy, public utility service, and a mix of mobile home community and apartment components provides a foundation for operational improvement. Investors have the opportunity to evaluate leasing and management strategies that may support future income growth while serving residents seeking housing options near employment and neighborhood amenities.

Property Facts

Price $1,733,662 CAD
Price Per Unit $44,453 CAD
Sale Type Investment
No. Units 39
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Building Class C
Lot Size 3.17 AC
Building Size 10,000 SF
Average Occupancy 85%
No. Stories 1
Year Built 1960
Zoning SR - Suburban Residential District
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
037500021
Land Assessment
$213,880 CAD
Improvements Assessment
$449,769 CAD
Total Assessment
$663,650 CAD
  • Listing ID: 41776263

  • Date on Market: 2026-08-17

  • Last Updated:

  • Address: 36 Evening Star Ln, Martinsville, VA 24112

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