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5920 Farmville Rd Rd

Farmville, VA 23901

$429,900 $1,812/Mo

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Overview

Bed

Bath

2.82

Acres(Lot)

Description

Investor's dream with massive upside potential. This 15-unit portfolio includes a renovated 1930s main home, 14 single-wide mobile homes, and a 3050 metal shop with 12' ceilings plus two 1224 attached sheds with office potential all on one parcel. Units range from 2/1 to 2/1.5 and are in various stages of condition, offering immediate renovation upside. Previously rented at $700/mo per mobile home and $1,500/mo for the main house. The shop and office space provide additional income potential. A high-flow artesian well serves all 15 units with metered billing at $25/mo for the first 1,500 gallons. Grandfathered septic system serves the full property. One unit sustained fire damage and will require removal/replacement. Additional capital investment required but stabilized rents at a 9-cap yield an ARV exceeding $1,100,000. Opportunities like this are rare. Schedule your showing today.

Property Details

Property Type : Residential Income

Price : $429,900

AD Id : 84838813

MLS Id : 367258

Lot Size : 2.82 Acres

Year Built : 1930

County : Prince Edward

Map

What's Nearby

Nearby Areas

Features

Flooring Information

Carpet, Vinyl
Heating & Cooling

Has Heating: Yes Heating: Heat Pump, Oil Has Cooling: Yes Cooling: Window Unit(s)

Building Information

Year Built: 1930 Construction Materials: Vinyl Siding Private Pool: No

Lot Information

Lot Size Acres: 2.82 Lot Size Source: Public Records Lot Size Square Feet: 122839

Listing Price Information

Listing Price: $429900

Tax Information

Parcel Number: 064-A-68 Annual Tax: $1526 Tax Legal Desc: RICE

Parking Information

Guest, Off Street, Unpaved

Location Information

Direction: From HWY 460 South of Farmville, Take Rt 15 South (Farmville Rd) approx 3.7 Miles south to property on Right. Apollo Dr splits 12 of the singlewides and #5920 is the house with concrete circle driveway just past Apollo Dr. WaterSource: Well

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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Lynchburg Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Lynchburg Association of REALTORS®. All Rights Reserved.

ByOwner last updated this listing 06/19/2026 @ 03:24

MLS: 367258 LISTED BY: Karl Miller, Karl Miller Realty LLC SOURCE: Lynchburg Association of REALTORS