Lynchburg, VA Portfolio

Lynchburg MHP:

The Lynchburg Park, located at 1068 Cedar Hills, has 32 lots, with 1 vacant lot. There are 20 tenant-owned homes, all paying $450/month. 11 park-owned homes are rented at $800/month, while 2 park-owned homes collect $600 and $700 per month, respectively. 25 Septic tanks service the homes. The septic tanks are serviced every 5 years and were last serviced two years ago by Cut Rate Septic. City water shows consistent numbers across the board, averaging ~$1,400/month. Management is currently not billing tenants for water usage, although the property is submetered. Tenants pay for their own electricity, and the park pays for street lights. Trash is included in rent and collected from individual bins by the manager, who then takes them to the dump. CapEx over the past two years consisted of digging up the septic tanks, pumping them, and putting risers on them. Additional costs included clearly preparing lots for the installation of new park-owned homes.

Rustburg MHP:

The Rustburg MHP located at Rebel Circle has 12 Septic Tanks and is serviced by a well. The tenants are not currently charged for any water and sewer usage. The septic tanks were last serviced two years ago. The Well is tested every 3 months and is up to date on certifications as well as permits. This property consists of 21 sites with 9 tenant-owned homes and 11 park-owned homes, and one vacancy. Tenants pay for electricity, while the park covers the electricity cost of the street lights and the well pump, which totalled ~$2,400/month in 2025.

Eastbrook:

The Eastbrook MHP is located at 102 Parkwood and has 28 septic tanks and is serviced by a well. The tenants are currently not charged for water, sewer, or trash. The property owner pays electricity for street lights and the well pump. The property is 87% occupied with 100% tenant-owned homes, coming out to 28 paying renters at $450/month with 4 vacancies. The well undergoes testing every three months.