Contact Information

Mobile Home Park Details

  • Price: $1,380,000
  • Purchase Method: Cash, New Loan
  • Property ID: 1318194
  • Posted On: Sep 4, 2020
  • Updated On: Nov 19, 2020

Property Description

Equity Trust Commercial Realty is proud to present Campbellsville Mobile Home Community.​​​​

Situated in the college town of Campbellsville, Kentucky, the property features 40 lots, 32 rental mobile homes and 16 acres of excess land.​​​​

This park offers an investor the opportunity to be a key player in the market due to the extremely low inventory of housing in the area.​​​​ Additionally, due to the fact that 100% of the homes are park owned, there is an opportunity to increase cash flow, gain longer term tenants and shed R&M costs by converting those park owned homes into sales.

By selling off homes, repairs & maintenance costs could be greatly reduced as well as the time needed to manage. The tenants benefit from becoming home owners and reducing their living costs over time as they pay off their homes.

Being host to Campbellsville University, Taylor Regional Hospital, a number of major retailers, and Green River Lake State Park Taylor County is the regional hub of education, health care, tourism and retail. On top of this the county is taking proactive steps to attract businesses and encourage economic growth by investing in workforce readiness programs such as the Kentucky Work Ready Skills Initiative, as well as stripping away bureaucratic hurdles that discourage development.

And if you're looking for a scaled entry into the area, there's a potential to acquire three additional parks nearby. Reach out for more info!

Location

* All Park-Owned Home Park - can potentially sell off homes
* All In Average Rent: $487 (POH + Lot Rent)
* Garage can be converted to storage units
* 25 total acres - 9 acres built out as mobile home park, with 16 acres remaining
* Excess land is leased to local farmer for $2,200 per year.
* Taylor County serves as a regional hub for education, health care, retail, and tourism
* Strong investment in workforce development from the county and local employers helping to drive economic strength
* 173 acre Heartland Commerce and Technology Park features pre engineered plots of land, utility hookup and development ready available for immediate occupancy
* Taylor County’s unemployment rate is far lower than the national average at just 4.4%, highlighting the strength and resilience of the local economy
* 281,525 SF of manufacturing and warehouse space ready for occupancy and/or development, with 238,000 SF of manufacturing space just recently purchased by Clarcor Airfiltration - highlighting market activity along with available capacity for additional development.
* Between 2010 and today the population has grown by over 21%

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 40
Total Occupancy: 72.5 %
Average MH Lot Rent: $245
Size: 25 acre(s)

Utility Information

Water: City
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 29
Average Rent for Park-owned Homes: $242

Video

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