305 Carter Ave - Manufactured Housing/Mobile Housing FOR SALE


Crab Orchard, WV 25827
$1,497,000 USD
864-414-8347
305 Carter Ave, Crab Orchard, WV for Sale
$1,497,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
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305 Carter Ave
Crab Orchard, WV 25827


HIGHLIGHTS

  • Publicly serviced utilities directly billed to tenants provides ownership with reduced expense load.
  • Majority tenant owned homes, providing ownership with less management responsibilities.
  • Established in-place tenant screening process providing new ownership with quality tenant base.
  • Opportunity to increase revenue by 30%+ within the first 2-3 years via modest rental increases.

OVERVIEW

MH Pro Group is pleased to exclusively offer the sale of Heritage Heights MHP, a 41-pad manufactured housing community located in the Beckley, WV MSA. Of the 41 pads, 28 are currently occupied by tenant owned homes providing ease of management for ownership, with an additional seven pads occupied by park owned homes (85% total occupancy). The community also has room for infill with six empty pads, providing opportunity to significantly increase revenues. Both water and sewer are directly billed to the tenants, resulting in a decreased expense load for ownership. The community represents a great opportunity for investors looking to purchase a stabilized park with low-cost value to be realized.

FOR SALE DETAILS

PRICE

$1,497,000 USD

# OF UNITS

41

PRICE/UNIT

$36,512

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Heritage Heights Mobile Home Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

PARKING SPACES

-

LAND DETAILS

LAND ACRES

10.17 AC

LAND SF

443,005 SF

ZONING

UZ

APN/PARCEL ID

11-34-00740000

ASK ABOUT THIS PROPERTY

Henry WalkerMH Pro Group LLCMore Info
864-414-8347

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Henry WalkerMH Pro Group LLCMore Info
864-414-8347

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.