Gihon Terraces is a 42 site All Family Mobile Home Community located in Parkersburg, WV. The investment was constructed in 1975 in Wood County on approximately 4.8 acres nestled in a valley across from a softball park and golf course. Parkersburg is located one hour north of Charleston between Interstate 77 and the Ohio River. The property is approved for 42 licensed lots where all sites are currently developed and 24 are currently occupied. City Water & Sewer. 3 BR Units rent for $450, 2BR for $350, lot rent for $150. Future occupancy increases can potentially triple the value of the asset providing tremendous capital appreciation to complement strong cash on cash returns.

The park is also complimented by a self-storage facility (2.3 acre) on one property line. This facility can be purchased separately or in conjunction with the park. An on-site office can be used to manage both properties.