Investing in mobile home parks can be a rewarding venture, especially in regions like West Virginia. With affordable prices, strong cash flow potential, and a growing demand for affordable housing, mobile home parks present a unique opportunity for real estate investors. In this article, we’ll explore several promising mobile home park listings in West Virginia that can enhance your investment portfolio. For more insights on mobile home parks, consider visiting platforms dedicated to mobile home park listings.

Why Invest in Mobile Home Parks?

Mobile home parks offer several advantages that make them an attractive investment option:

Stable Cash Flow: Mobile home parks typically provide consistent rental income with lower vacancy rates compared to traditional rental properties.
Lower Maintenance Costs: Many parks have tenant-owned homes, which reduces the owner's responsibility for repairs and maintenance.
High Demand: As housing prices continue to rise, more people are seeking affordable living options, making mobile home parks increasingly popular.

Featured Mobile Home Park Listings in West Virginia

1. Charleston Mobile Home Park

Location: Charleston, WV
Price: $87,000
Cap Rate: 31.6% (Pro Forma)
Listing ID: 6982919

This 8-pad mobile home park is currently half-empty, presenting a classic value-add opportunity. With below-market rents, the potential to increase monthly cash flow from $556 to $2,240 is significant. The park features city water and sewer, making it an attractive investment for those looking to fill vacancies and raise rents.

Community Type: All Age
Occupancy: 50%
Average Lot Rent: $225
Gross Income: $33,600
Net Operating Income: $26,880

Investors can capitalize on the existing infrastructure and strong demand for affordable housing in the Charleston area.

2. Paw Paw MHP

Location: Atlantic Street, Paw Paw, WV 25434
Price: $1,100,000
Cap Rate: 8.9% (Actual)
Listing ID: 6929885

This well-established mobile home park features 25 lots, with 15 tenant-owned homes and 10 rent-to-own options. The park boasts low expenses and is fully occupied, offering a stable income stream. Additionally, the seller owns another nearby park and is willing to offer a discounted price if both properties are purchased together.

Gross Income: $113,760
Operating Expense: $15,386
Net Operating Income: $98,374

This park is an excellent opportunity for investors seeking a reliable income source with minimal management responsibilities.

3. Parks on East Union

Location: 113 Maranda Lane, Bluefield, WV 24701
Price: Contact for details
Listing ID: 6911177

This 15-space mobile home park presents a solid investment opportunity with immediate income and growth potential. Currently, 9 park-owned homes are fully occupied, generating stable revenue, while 1 tenant-owned home pays consistent lot rent. The park also has 2 homes requiring repair and 2 vacant lots ready for infill, offering room for expansion.

Utilities: Connected to city water and sewer
Management: A reliable property manager is in place, providing hands-off operational support.

This park is actively being improved, making it a value-add asset with strong upside potential.

4. Nora Mobile Home Park

Location: Madison, WV 25130
Price: $90,000 (Price Reduced)
Listing ID: 6828622

This community features 7 lots, all with city water and sewer directly billed to tenants. The park has 7 park-owned homes and no vacant lots, making it a fully operational investment. The owner offers flexible purchasing options, including cash, seller financing, or a new loan.

Gross Income: $16,200

This property is perfect for investors looking for an affordable entry point into the mobile home park market.

Conclusion

West Virginia offers a variety of mobile home park investment opportunities that cater to different budgets and investment strategies. From value-add properties like the Charleston Mobile Home Park to fully occupied parks like Paw Paw MHP, there’s something for every investor.

If you’re interested in exploring these listings further and discovering more about the mobile home park investment landscape, check out platforms that specialize in mobile home park sales. With the right approach, investing in mobile home parks can yield substantial returns and contribute positively to the affordable housing market.