Mobile Home Park Details
- Cap Rate: 9.5% (Actual)
- Listing ID: 6984864
- Posted On: Oct 21, 2025
- Updated On: Oct 21, 2025
Description
94-Unit, Stable with Significant Upside Manufactured Home Community
The Esterson MHC Team is excited to present Ernie’s Manufactured Home Community, a 94-unit manufactured home community located in the growing Huntington - Ashland MSA. This well-maintained community presents significant upside potential. Proctorville is part of the Huntington-Ashland MSA, which has a large population of 367,192 and continues to grow steadily. Strategically positioned, Proctorville benefits from its proximity to Huntington, WV, and Columbus, OH, making it an attractive market for future development initiatives.
Ernie’s Manufactured Home Community features 94 active MH lots, including 66 tenant-owned homes (TOH), 6 rented park owned homes (POH), 8 rent to own units (RTO), 9 vacant POH, 1 vacant office, 1 abandoned home and 3 vacant lots. The average lot rental rate is $312 per month, the average POH rent above lot rent is $300 and the average RTO rent above lot rent is $554.
The community operates on public water and public sewer systems. Water and sewer are billed back to tenants. Curbside trash service is also billed back to the tenants. Private roads are paved and are in average to below average condition. The park is not in a flood zone.
We are asking investors to submit offers at $2,850,000. All offers must include pricing, inspection period, funding source and appropriate diligence timelines.
Location
Proctorville, OH, is a small but growing town in Lawrence County, situated along the banks of the Ohio River and benefiting from its proximity to larger urban centers like Huntington, WV, and Columbus, OH. Proctorville offers a quiet, community oriented atmosphere with easy access to the amenities of the Huntington-Ashland MSA. Known for its rural charm and friendly neighborhoods, Proctorville provides a comfortable lifestyle for families and retirees alike. Its strategic location near major transportation routes makes it attractive for residents who want both convenience and tranquility.
Proctorville’s position within the Huntington-Ashland metropolitan area ensures access to a broader array of services, shopping, and employment opportunities, while retaining its small-town feel. Outdoor enthusiasts can enjoy the nearby parks and recreational activities provided by the Ohio River, making Proctorville a well-rounded place to live for those seeking a balance between nature and community.
Park Information
| Number of MH Lots: | 94 |
| Total Occupancy: | 93.0 % |
| Average MH Lot Rent: | $312 |
| Size: | 8 acre(s) |
Financial Information (Actual)
| Gross Income: | $511,292 |
| Operating Expense: | $239,463 |
| Net Operating Income: | $271,830 |
| Expense Ratio: | 46.8 % |
Lot Information
| Singlewide Lots: | 94 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 15 |
| Average Rent for Park-owned Homes: | $612 |
