Contact Information

Mobile Home Park Details

  • Price: $500,000
  • Cap Rate: 14.0% (Actual)
  • Listing ID: 6911177
  • Posted On: Jun 4, 2025
  • Updated On: Jun 4, 2025

Description

This 15-space mobile home park in Bluefield, West Virginia presents a solid investment opportunity with immediate income and growth potential. The park currently includes 9 fully occupied park-owned homes generating stable revenue, along with 1 tenant-owned home paying consistent lot rent. Additionally, there are 2 homes on-site that require repair or replacement, and 2 vacant lots ready for infill, offering room for expansion and increased income.

The property is connected to city utilities, including public water and sewer, with trash and lawn care services managed by the park. A reliable property manager is in place, compensated at 10% of gross rents, providing hands-off operational support. The park is actively being improved through renovations of existing units and strategic infill efforts, making it a value-add asset with strong upside through continued stabilization and lease-up of remaining spaces.

Location

15 minutes drive to Princeton. 3 minute drive from downtown Bluefield.

Amenities

  • Handicap Accessible
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Park Information

Community Type: All Age
Number of MH Lots: 15
Year Built: 2021

Financial Information (Actual)

Gross Income: $59,760
Operating Expense: $17,282
Net Operating Income: $42,478
Expense Ratio: 28.9 %

Utility Information

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

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