Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Listing ID: 1435505
- Posted On: May 7, 2021
- Updated On: Jul 27, 2021
Description
A mobile home park that sits on 17 acres just outside of the growing town of Capon Bridge, West Virginia, and only 30 minutes from Winchester, Virginia. This property is ideal for those wanting to be away from the traffic and noise of the city and wish to enjoy country living.
There are a possible 18 lots, with 16 lots already set up and 13 of those currently being rented. The spaces are available for trailer rentals, not owned by the seller and there is room for expansion of rental spaces.
The potential for this property extends beyond the use of a mobile home park for the investor with a vision.
Location
From East, take Rt. 50 West. About 2.5 miles past the town of Capon Bridge, you will see Horizon Lane on left, it is the very next left after Dillon's Run Rd.
From the West, take Rt. 50 East and Horizon Ln will be on the right immediately before Dillon's Run Rd.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 18 |
| Total Occupancy: | 72.2 % |
| Average MH Lot Rent: | $250 |
| Size: | 17 acre(s) |
Financial Information (Actual)
| Gross Income: | $338,000 |
| Operating Expense: | $19,825 |
| Net Operating Income: | $13,975 |
| Expense Ratio: | 5.9 % |
RV Information
| Average RV Lot Rent: | $250 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |
| Average Rent for Park-owned Homes: | $0 |
