Mobile Home Park and Land for Sale in Bassett, VA

Mobile Home Park and Land
for Sale in Bassett, VA

Searching for your next
real estate investment opportunity? Check out this mobile home park for sale in
Bassett, VA. This property features +/- 8.58 acres and is serviced by public
water and a private septic system. Property is minutes away from Philpott Dam
making it great for boating, fishing, and hiking.

There are currently 9
tenants, all operating under month-to-month verbal rental agreements. This
arrangement provides flexibility for a new owner, who may determine which
tenants remain and which may be asked to vacate. Rental rates may also be
adjusted at the buyer’s discretion.

Currently, 9 renters
occupy a total of 10 out of the 26 available lots. One tenant rents 2 lots to
allow for additional space. All tenants are current on their rent. Each tenant
pays $250 per month per lot, except for the tenant leasing 2 lots, who pays a
total of $400 per month. Total monthly income is $2,400 per month. Owner
recently spent over $40,000 to have the park cleaned up and abandoned mobile
homes removed.

All mobile homes located
on the property are owned by the tenants, not the park owner. Therefore, mobile
home titles will not be transferred to purchaser. Additionally, purchaser
acknowledges that there may be limitations or regulations that prohibit the
relocation / removal of mobile homes from property. Bidder acknowledges
that information on manufactured homes is limited to physical exterior
inspection and that the seller does not possess titles to the mobile homes. Inspection
of mobile homes is only relevant to ascertain overall appeal of mobile home
park.

Auction is subject to VA
Statute 55.1-1308.2. Seller must notify all tenants in writing of the intent to
sell at least 60 days prior to selling. Tenants will have those 60 days to
purchase property at an agreeable price to seller. More information on the code
can be found HERE. 

Online Auction Ends Tuesday,
April 21st at 4PM

15 Spruce Pine Ln., Bassett, VA 24055

Click Here for Bidder Packet

Click Here for Interactive Map
Click Here for VA Statute 55.1-1308.2

CONTACT: Auctioneer
Matt Gallimore at 540-239-2585 or email Gallimore.Matt@gmail.com. You can also
contact Realtor Darin Greear with Long & Foster Real Estate at
540-320-5859 or email
Darin@RinerVA.com

DIRECTIONS: From Bassett, take
VA-57 for approximately 3.5 miles. Property is on the left, see sign.

BIDDER
PACK: Download Bidder Pack for complete information. Bidder Pack has maps,
complete terms and conditions, sample contracts, tax cards, and restrictions.
Some of the plats in Bidder Pack may have notations and boundaries created by
Auctioneer for illustration purposes, however unchanged surveys are in Bidder
Pack as well.

SOFT CLOSE: If a
bid is received within the last 2 minutes of the auction or after 4 PM,
the auction close time will automatically extend 2 minutes to allow other
bidders an opportunity to competitively bid prior to the auction closing. This
feature eliminates “snipers” and encourages fair and impartial bidding from all
participants.

BUYER’S PREMIUM – TEN
PERCENT (10%): Buyer’s Premium shall be added to the final online bid,
which will determine the Total Contract Sales Price. Bidders hereby acknowledge
and understand that the Buyer’s Premium will be added to the winning bid to create
the Total Contract Sales Price for which they are obligated to pay for the
property. Example: (winning online bid $100,000 + 10% buyer’s premium = total
purchase price of $110,000). Buyer’s Premium is not due until closing.

PRE-AUCTION SALES: As an
agent for the Seller, the Auctioneer must present any and all bona fide written
offers to the Seller, which may be created outside of the online bidding
platform. Therefore, all properties are subject to pre-auction sales. Pre-auction
offers must meet all off the auction terms and conditions and must be submitted
to the Auctioneer on the Auction Real Estate Sales Contract, along with the
required earnest deposit. Properly submitted offers will be presented to the
Seller in a timely manner. Seller may accept or reject such offer at their sole
and absolute discretion. When a pre-auction offer is submitted, all properly
registered online bidders will be notified that “an offer” has been submitted
and on which specific property, however the amount of the offer shall remain
confidential. All pre-auction offers must allow a minimum of 24 hours for
seller’s acceptance. A Referral Fee of 2% of the high bid is offered to a
cooperating VA State Licensed Real Estate Salesperson/Broker on any pre-auction
offers that are properly completed and submitted on the appropriate forms
provided. Download Bidder Pack for Online Bidder’s Agreement, maps, sample
contracts, and property information.

TERMS & CONDITIONS: 10% Buyer’s Premium will be added to final high bid to arrive at contract price. Earnest Money Deposit of $5,000 is required on the day of sale. Close on or before June 22nd, 2026. Subject to seller confirmation. Property sold as is, where is with any and all faults. Buyer is expected to complete their own due diligence before placing a bid. The Auctioneer is allowed to bid on behalf of the Seller up to, but not beyond the Seller’s reserve price. Auction starts ending at 4 PM on April 21st, 2026. Please note that during the last two minutes of bidding, if a new bid is placed, the clock is automatically extended an additional two minutes. Be sure to register to bid early to ensure you receive notifications regarding any changes to the Auction, Bidder Packet and/or Pre-Auction offers received. Download Bidder Information Pack for complete terms and conditions, purchase contract and maps.