Valley View Trailer Park
Valley View Trailer Park
Valley View Trailer Park
Valley View Trailer Park
Valley View Trailer Park
Valley View Trailer Park
Aerial of Valley View Trailer Park
Aerial of Valley View Trailer Park
Shenandoah River frontage
Shenandoah River frontage
Valley View Trailer Park
Valley View Trailer Park
Valley View Trailer Park
Aerial of Valley View Trailer Park
Shenandoah River frontage

Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 6.0%
  • Listing ID: 112272
  • Posted On: Dec 22, 2011
  • Updated On: Apr 15, 2013

Description

River View Mobile Home Park near Charles Town WV with good cash flow and valuable future build-out potential. Property is east of town located just off a major commute corridor for easy access to employment centers. The parcel includes more than 1200 feet of Shenandoah River frontage, and sits on elevated land well above the flood zone. There are 17 pads with half of the trailers owned by the occupants. A significant adjacent parcel will likely produce water and sewer taps for this land making it ideal and ideal hold parcel for future development. Six additional 50' x 50' campground sites rent out for the summer across the street. Call for particulars.

Location

Property is east of town located just off a major commute corridor (Route 9 - Charles Town Turnpike) for easy access to employment centers. The parcel includes more than 1200 feet of Shenandoah River frontage, and sits on elevated land well above the flood zone. There are 17 pad sites with half of the trailers owned by the occupants. A significant adjacent parcel will likely produce water and sewer taps for this land, making it ideal as a "hold" parcel for future development. Six additional 50' x 50' campground sites rent out for the summer across the street. Call for particulars.

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Park Information

Community Type: All Age
Number of MH Lots: 20
Average MH Lot Rent: $475
Size: 13 acre(s)

Financial Information (Actual)

Gross Income: $73
Operating Expense: $18
Net Operating Income: $55
Expense Ratio: 24.7 %
Debt Info: none

RV Information

Number of RV Lots: 7
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 3
Average Rent for Park-owned Homes: $475

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