Listed by Mr. Landman
$227,000
Details
Property Type Mobile Home Park
Square Footage 196,456
Units 12
Cap Rate 14.04%
NOI $31,878
Occupancy 100%
Pro-Forma Cap Rate 17.05%
Pro-Forma NOI $38,700
Class C
Investment Type Value Add
Ownership Fee Simple
Confidential WV MHP #2
Marketing description
This 12-pad community is fully occupied with all tenant-owned homes and is being offered as part of a portfolio currently undergoing refinance if not sold prior. The property is serviced by city water with septic systems in place, and all utilities—including water, electric, gas, and trash—are directly billed to tenants, keeping operating expenses low. The site also offers additional expansion potential, providing an opportunity to increase pad count and enhance long-term returns.
Additional details available upon request. No seller financing is available.
(Jonathan Fisher is a licensed WV broker under MR. LANDMAN, LLC, WV License #WVB260301161.)
Investment highlights
•City Water!
•100% occupied!
Listing Contacts
Listed by Mr. Landman
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$31,878.00
$2,656.50/mo
Valuation Metrics
0
DSCR
14.04%
Cap Rate
14.04%
ROI
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