Contact Information

Joshua Ball
Highland Falls Properties

Mobile Home Park Details

  • Price: $415,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 10.1%
  • Listing ID: 4542461
  • Posted On: Feb 19, 2024
  • Updated On: Feb 19, 2024


Great investment opportunity with strong cap rate! 18 space mobile home park - currently occupied with 11 units; 8 park owned, 3 tenant owned. Municipal water (individually metered), individually metered electricity, centralized municipal sewer tap w/pump station, with tenant managed garbage and lawn care. Property has open lots available to immediately accommodate installation of additional units further increasing revenue & profit. Property is roughly 50% developed with additional opportunity for acreage expansion - total property acreage is 5.41 acres. Strong long-term tenancy commitment with tenants of 10+ years, with opportunity for rental increases.


Property is located at Sunset Drive in Wise County, VA nearby to the heart of Appalachia's tourism region, local restaurants, shopping, and within walking distance to the Spearhead Trail ATV/equestrian system.

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Park Information

Community Type: All Age
Number of MH Lots: 18
Total Occupancy: 91.0 %
Average MH Lot Rent: $465
Size: 5 acre(s)

Financial Information (Actual)

Gross Income: $49,800
Operating Expense: $7,791
Net Operating Income: $42,009
Expense Ratio: 15.6 %

Lot Information

Singlewide Lots: 18

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $457

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