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Contact Information

Melissa Albert
eXp Realty, LLC

Mobile Home Park Details

  • Price: $725,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 13.2%
  • Listing ID: 7057027
  • Posted On: Jul 18, 2026
  • Updated On: Aug 8, 2026

Description

Turnkey, income-producing manufactured housing community with a proven history of stable occupancy in South Central Kentucky. Parkview Mobile Home Park consists of 18 occupied sites (100% occupied), including 9 park-owned homes and 9 tenant-owned homes paying lot rent, providing a balanced income mix with both rental income and lower-maintenance lot rent revenue.

Current ownership has maintained the community for approximately five years with only two resident turnovers, demonstrating exceptional tenant stability and consistent cash flow. Utilities are individually metered, with tenants responsible for electric, water, and sewer, keeping owner operating expenses low and contributing to a strong 12.80% in-place cap rate based on the asking price.

Located in Brownsville, Kentucky, within the greater Bowling Green growth corridor, the property benefits from one of Kentucky's strongest regional economies. Major employment drivers include the Kentucky Transpark, General Motors Corvette Assembly, The Medical Center, Western Kentucky University, and numerous manufacturing and logistics employers, supporting long-term demand for workforce housing.

The property also offers future value-add potential, with room for approximately two additional sites or alternative income-producing improvements (subject to buyer verification and local approvals).

Current ownership has maintained stable rental rates, creating an opportunity for future ownership to evaluate market-rate adjustments over time, where appropriate and subject to lease terms and applicable law. This presents the potential to enhance net operating income and improve long-term investment returns while building upon an already stabilized, fully occupied asset.

Location

Parkview Manufactured Housing Community is located in the heart of Brownsville, Kentucky, the county seat of Edmonson County, just northwest of the rapidly expanding Bowling Green metropolitan area. The property is situated within the community and is conveniently located near local schools, services, and everyday amenities, providing an attractive location for long-term residents.
Brownsville benefits from its proximity to Bowling Green, recognized as Kentucky's fastest-growing city and the economic hub of South Central Kentucky. The region is supported by a diverse employment base including advanced manufacturing, automotive production, healthcare, higher education, logistics, and distribution. Major employers include the Kentucky Transpark, General Motors Corvette Assembly, The Medical Center, and Western Kentucky University. Continued economic investment, employment growth, and increasing housing demand have strengthened the long-term outlook for workforce housing throughout the region.

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Park Information

Community Type: All Age
Number of MH Lots: 18
Total Occupancy: 100.0 %
Year Built: 1980
Size: 2 acre(s)

Financial Information

Gross Income: $108,000
Operating Expense: $12,800
Net Operating Income: $95,980
Expense Ratio: 11.9 %

Lot Information

Singlewide Lots: 18
Park Model Lots: 18

RV Information

Number of RV Lots: 0

Utility Information

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

Park-Owned Homes

Number of Park-owned Homes: 9
Average Rent for Park-owned Homes: $757