Agricultural Land for Auction in Bassett, Virginia

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 MapClick Here for VA Statute 55.1-1308.2Click Here for Property VideoCONTACT: 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.