Contact Information

Mobile Home Park Details

  • Price: $650,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 9.1%
  • Property ID: 2192379
  • Posted On: Mar 16, 2023
  • Updated On: Mar 16, 2023

Property Description

3 Park Portfolio - 2 parks in KY & 1 in WV

- Incredible Value-Add Opportunity – With rents significantly under market, and some vacancy, this portfolio allows a new investor to both push rents and lease up to capitalize on a much higher proforma return.

- Lower Maintenance/Expenses – These parks boast 96% land leases with tenant owned units, leaving less ongoing maintenance and expenditures for the landlord.

- New Infrastructure Upgrades (Wurtland Park) – Each lot on the Wurtland park is individually metered with recently added utility lines, making this the case on the entire portfolio.

- Minimal Utility Responsibilities – Mostly units utilize public utilities, which offers the landlord a more passive stream of income and ownership.

- Pad Flexibility – Ability to quickly infill spaces with RVs & Campers since utilities are already set up


1361 Headquarters Rd, Carlisle, KY 40311
1401 Wurtland Ave, Wurtland, KY 41144
1005 15th St, Kenova, WV 25530

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Park Information

Total Occupancy: 60.0 %
Average MH Lot Rent: $190

Financial Information (Actual)

Gross Income $77,532
Operating Expense $18,254
Net Operating Income $59,278
Expense Ratio 23.5 %
Debt Info

Utility Information

Water: City
Water Paid By: Tenant - Submetered
Sewer: Treatment Plant

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