Creekside Estates is a 20 lot mobile home park that has been cleaned out and is ready for a new owner. There are currently NO tenants and NO income. There is a 36'x100' pole building that sits in the middle of the park. It needs some TLC but consists of a large commercial garage door, concrete floors, 2 half baths, and is insulated. It has electric and city water and gas are available to the garage. No heat source is currently installed as we removed the old wood burning stove. There are 20 total single-wide mobile home lots in the park. 16 of them are vacant. 1 of them has an old single wide that is of no value but conveys. 3 of the lots have duplex single-side trailers that convey with the sale. These trailers are park owned. They have been professionally installed and setup. They all sit on concrete piers, with new porches, skirting, and public utilities hooked up. The trailers are from the 70s but have recently been painted, all new flooring installed, each has an electric stove and refrigerator, and all 3 trailers have brand new water lines ran throughout. The subfloors in all 3 trailers were repaired as part of the flooring upgrade. The utilities are shared amongst each side of the trailer. There are a total of 6 rentable 1Bed/1Bath units between the 3 trailers. None of them are currently rented. Owner is hoping to sell without tenants but is willing to start renting out the units if necessary. Market data suggest lot rent of $275 is achievable. Each 1Bed/1Bath unit is estimated to bring $750/month x 6 units (utilities included). Some, but not all of the utilities have been upgraded. Sewer lines, electrical services, and water lines have all been partially upgraded with new. This park has lots of potential but will need someone who is willing to take it to the finish line. The owner is willing to take an owner's 2nd to help with the downpayment on a new loan. The park is located inside the city of Kingwood, WV. The park is grandfathered to be a 20 unit mobile home park and has active city and county permits to operate. Close to city amenities as well as local attractions such as the Cheat River, Cheat Lake, Tygart Lake, Deep Creek Lake, and Kingwood is home of the annual Buckwheat Festival. Recent survey conducted on the property also.
