Mobile Home Park Details

  • Cap Rate: 9.5%
  • Listing ID: 2360516
  • Posted On: Apr 5, 2023
  • Updated On: Aug 15, 2023


Listing Broker: Jeff Dodge
Contact Jeff Dodge: +1-678-932-0200

POCAHONTAS COUNTY, WV - Mountain View Mobile Home Park (MHP) is located amongst beautiful scenery in the town of Marlinton, West Virginia. The park is approximately 24 miles from Snowshow Mountain Ski Resort and roughly 20 miles to the Virginia state line. This a stable, well maintained community, features 25 total pads with 16 park owned homes, along with 2 stick-built homes and 3 Airbnb units (can be full-time rental units). The park has 21 occupied units, along with 4 vacant lots. The total parcel size is approximately 13 acres and the current occupancy is 84% of the lots and 100% of the homes on the property.

Mountain View MHP is well-positioned for Day 1 cash flow and allows the next investor some value add opportunity with 4 additional buildable lots and a RV pad. The POH inventory is a mix of 1990's - 2000's and the homes are in good condition overall. The seller has made substantial CapEx improvements to the homes and park in 2022, which should result in lower expenses for the next buyer. The utilities are direct billed, along with city water and septic tanks.

We are offering the community at a 9.5% CAP rate on lot rent only using actuals. We are allocating just $11,250 per POH, which is well below replacement value. Local management is in place and could be an option for the future Buyer. The seller has good books and records, along with all titles for the POH's.

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Park Information

Community Type: All Age
Number of MH Lots: 25
Total Occupancy: 84.0 %
Average MH Lot Rent: $300
Size: 13 acre(s)

Utility Information

Water: City
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 16

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