PROPERTY LOCATION
14700 Rockford School Rd
Hurt, VA 24563
Pittsylvania County
AUCTION LOCATION
Live auction held at:
The Altavista Train Station
414 Washington Street
Altavista, VA 24517
Online and phone bidding available.
Income producing mobile home park on over 17 acres!
- Mobile home park with 15 rental units including 7 park owned mobile homes (fully leased) and 8 lots (3 currently vacant).
- Current rental income is $5,015/mo. See rental summary below.
- Over 17 acres for potential expansion
- (2) wells serve the 15 units
- Owner pays well, septic, lawn (#5 tenant mows in lieu of rent), and insurance
- Excellent road frontage with 1,035' on Rockford School Rd and 532' on Harbor Dr
- Conveniently located just one mile off US-29
- Minutes from Altavista and Leesville Lake
- Less than 30 min from Lynchburg
- Less than 40 min from Danville and the NEW Caesar's casino
- Consists of (3) Pittsylvania County Tax Parcels:
- Map# 2535-36-8784 (16.73 acres) zoned MHP - Residential Manufactured Housing Park District
- Map# 2535-35-8970 (0.60 acres) zoned R1 - Residential
- Map# 2535-46-3176 (0.37 acres) zoned R1 - Residential
RENTAL SUMMARY (updated 6/13/23)
- Lot 1 (14524 Rockford School Rd); park owned home rented for $415/mo
- Lot 2 (14532 Rockford School Rd); lot rented for $200/mo
- Lot 3 (14556 Rockford School Rd); lot rented for $190/mo
- Lot 4 (14572 Rockford School Rd); park owned home rented for $560/mo
- Lot 5 (14588 Rockford School Rd); lot; tenant mows park in lieu of lot rent
- Lot 6 (14608 Rockford School Rd); vacant; home uninhabitable and will be removed before auction (est. $200/mo lot rent)
- Lot 7 (14624 Rockford School Rd); park owned home rented for $450/mo
- Lot 8 (14644 Rockford School Rd); lot rented for $200/mo
- Lot 9 (14656 Rockford School Rd); park owned home rented for $700/mo
- Lot 10 (14668 Rockford School Rd); lot rented for $200/mo
- Lot 11 (14684 Rockford School Rd); park owned home rented for $600/mo
- Lot 12 (14700 Rockford School Rd); park owned home rented for $700/mo
- Lot 13 (14704 Rockford School Rd); vacant; home uninhabitable and will be removed before auction (est. $200/mo lot rent)
- Lot 14 (14708 Rockford School Rd); vacant lot (est. $200/mo rent)
- Lot 15 (14712 Rockford School Rd); park owned home rented for $700/mo
- $5,115/mo current rental income + $600/mo vacant (3 vacant lots) = $5,715/month potential at current rates
AGENT ON SITE
- Wed, June 14 from 4-6PM (agent at 14700 Rockford School Rd)
- Wed, June 21 from 4-6PM (agent at 14700 Rockford School Rd)
- Sun, June 25 from 1-3PM (agent at 14700 Rockford School Rd)
- Private tours may be available other days by appointment
- Drive by viewing ok during daylight hours. Do not disturb tenants.
DIRECTIONS TO PROPERTY
- From Lynchburg, US-29S to Altavista. Take the US-29 Business exit for Hurt. At end of ramp, RIGHT on Highwayview Rd. 1/4mi to RIGHT on Harbor Dr. 1.2mi to RIGHT on Rockford School Rd. Park is on the right.
- From Danville: US-29N to Altavista. Take the US-29 Business exit for Hurt. At end of ramp, LEFT on Highwayview Rd. 1/4mi to RIGHT on Harbor Dr. 1.2mi to RIGHT on Rockford School Rd. Park is on the right.
TERMS SUMMARY
- 10% deposit due day of sale by cash or good check. Closing on or about 30 days. 5% buyer's premium. Property sells absolute to high bidder. Click on "Terms" tab for full terms and conditions.
Terms: Property sells "AS-IS" without warranties of any kind. Potential Buyers must perform such independent investigations with respect to the Property as they deem necessary to verify information provided by Auction Company.
Warranty: All information provided by Auction Company is deemed reliable but is not warranted. The information provided by the Auction Company is subject to verification by all parties relying on it. No liability for its accuracy, error or omission is assumed by the Auction Company.
Title: Seller will convey title by General Warranty Deed free and clear of all liens.
Registration: Bids will be accepted only from registered bidders. On-site registration begins at 11:30AM day of sale. You may also pre-register on our website or phone app. Deadline for phone and online bidding registration is 6PM EST on the day prior to the auction. A valid form of identification (i.e. driver's license) may be required to register onsite or online.
Online Bidding: Online bidding is available for your convenience. However, due to the technical nature of online bidding, bidder acknowledges that this service may or may not function correctly the day of the auction. Torrence, Read, & Forehand Auctions will not be responsible for missed bids from any source. Online bidders who desire to make certain their bid is acknowledged should use the prebidding function and leave their maximum bid 24 hours before the auction begins. Winning bidders will be notified by email and/or phone and receive instructions for signing the Contract of Purchase (must be returned within 24 hours) and submitting the Deposit (see below).
Announcements: Announcements made on day of sale take precedence over all prior communications, both verbal and written, concerning the sale of the Property.
Approval: Property sells absolute to the highest bidder.
Buyer's Premium: A 5% buyer's premium will be added to the high bid to determine the final sales price.
Deposit: Deposit equal to 10% of final contract price (bid price plus buyer's premium) due day of sale by cash or good check. Online bidders may overnight deposit or wire transfer funds so it is received within 2 business days.
Closing: Balance of Purchase Price shall be due at closing on or about 30 days after the sale.
Agency: The auction company and its representatives represent the sellers.
