Mobile Home Park Details

Purchase Method: Cash, New Loan
Cap Rate: 10.0%
Listing ID: 108650
Posted On: Dec 2, 2011
Updated On: Apr 15, 2013

Description

55 lot trailer park on outskirts of Keyser, WV. 75% occupied. Lot rentals average $300/mo; 24 park-owned trailers on installment contracts ranging from $66 to $255/mo. Stable tenants. City water and sewer, with separate metering engineered and approved but not installed. On-site manager.

Park is situated in a quiet area easily accessible from a nearby larger roadway. There's a scenic historic cemetery overlooking the park from a knoll high above. Present owner has two additional smaller parks for sale in the area as well. Contact listing agent for details.

Location

Keyser WV is located in the Potomac Highlands Region of the Eastern Panhandle of West Virginia, in Mineral County, which includes: Fort Ashby, Piedmont, Ridgeley, Elk Garden, Burlington, New Creek, Antioch, Headsville, Wiley Ford, Carpendale and Patterson's Creek.

It is bordered on the North by the Potomac River and Allegany County Maryland, Keyser, the county seat of local government, is 150 miles from Baltimore, 120 miles from Pittsburg, 140 miles from Washington, but 254 miles from Charleston, the West Virginia state capital.

Visitors and residents alike enjoy Mineral County's many opportunities for recreational activities including fishing, golf, hunting, boating, and canoeing.