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$92,000

1 Bed, 1 Bath in Penhook

433 Waterlocked Rd # 20 Penhook, VA 24137
1 Beds | 1 Baths | Built 1962
128 days on LoseTheAgent.com
Property Type: Residential for Sale by Owner

1 Bed, 1 Bath in Penhook

Prime location on Smith Mountain Lake waterfront! Affordable, mobile home and lot included in the price. These spots are selling fast, Get them while you can! Only 2 spots left! No lot rent! Renovated, 1 bed 1 bath with private dock and screened porch near Vista Point. It can be turned back into a 2 bedroom, 1 bath. Unique opportunity to get in on the ground floor of a new resident owned community. Community dues expected to be $1500-$2000 per year. Serious buyers who want to view property, please contact Terri Stratton 804-337-2535 call or text. Important things to know: Mobile homes are on shared well and septic. Its a mobile home only park, lots are not leased or deeded. Community dues are to cover maintenance of common areas, boat ramp, trash and property taxes. Lot sizes are approximate. This is a new resident owned community LLC (think condo association). Residents will have fee simple ownership, like condo owners, they own only their individual unit, not the land. You become a member of the LLC once you purchase. The association LLC owns the deed to the land therefore it does not qualify for a mortgage. Your lot rights are sell-able and transferable. $90000 will go to the park's LLC for lot, $2000 goes to trailer owner.

  • Bedrooms: 1
  • Full Bathrooms: 1
  • Living Area: 0 sq ft
    School name
    Distance away
    glade hill elementary school
    10 miles
    dudley elementary school
    10 miles
    smith mountain lake christian academy
    11 miles
    moneta elementary school
    12 miles
    huddleston elementary school
    12 miles
    History
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