959 N King ST, Hampton, VA 23669

Property Description

Seize a rare opportunity to acquire Elmwood Trailer Park, a high-performance asset positioned within the high-demand affordable housing sector. Spanning 2.58 acres, this 15-site park represents a premier entry-point for the savvy investor seeking recession-resistant cash flow. Because zoning for new parks is difficult to obtain, Elmwood benefits from high occupancy and a captive tenant base. This land-lease model reduces exposure to traditional multifamily headaches, shifting focus from interior maintenance to high-level asset management and consistent long-term yield. Elmwood is perfectly positioned for an operator looking to capitalize on predictable income and low turnover. The acreage is optimized for low-cost maintenance while providing residents with a spacious atmosphere. Whether you seek a reliable 1031 exchange or a value-add opportunity, this property offers the fundamental strength for equity growth. Full financials are available upon request.

Listing Status:

Active

Data Last Updated:

May 21, 2026 at 12:38AM

Listing Office:

RE/MAX Connect : 757-525-3639

Listing Agent:

Rick Brandt :

MLS ID:

10621211

Interior

• A/C: None

Exterior

• General: Other
• Parking: Off StreetStreet

Construction

• Roofing: Other
• General: Other

Location

• County: Hampton VA

Lot

• Zoning: C1
• Current Use: Trailer Park

Utilities

• Utilities: City SewerCity WaterElectric Avail