Contact Information

Mobile Home Park Details

  • Price: $299,000
  • Cap Rate: 8.5%
  • Property ID: 1156384
  • Posted On: Nov 15, 2019
  • Updated On: Nov 17, 2020

Property Description

AUGUSTA, KY - Vineyard Court Mobile Home Park (MHP) is conveniently located in USA Today’s acclaimed “Most Picturesque Town in Kentucky” - Augusta, Kentucky. Sitting near the Ohio River in a quiet wooded area, just 45 minutes from downtown Cincinnati, OH, this MHP offers affordable housing near a thriving major city. In addition, historic Maysville, Kentucky is only 15 minutes away, and is an urban area providing jobs, a shopping mall and a regional hospital. Major area employers include; Clopay Building Products, Mitsubishi Electric Automotive America, International Paper-Temple Inland and others.

Vineyard Court MHP consists of 21 pads and currently has 17 tenants, giving this park a 76% occupancy. Of the 21 pads, there are currently 2 lot renters and 19 park-owned homes (POH). The vacant POH’s are being repaired, with three ready for immediate occupancy.

This park has features city utilities (direct bill) and paved roads throughout that are in overall good condition. This property is located within an Opportunity Zone which adds to its’ value through tax benefits and incentives.

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Park Information

Number of MH Lots: 21
Total Occupancy: 76.0 %
Size: 4 acre(s)

Utility Information

Water: City
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 19

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