Your email has been sent.
The Parks on East Union 113 Maranda Ln 15 Unit Mobile Home Park $450,000 ($30,000/Unit) 15.56% Cap Rate Bluefield, WV 24701
INVESTMENT HIGHLIGHTS
- 15 minutes drive to Princeton
- 3 minute drive from downtown Bluefield
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $450,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $30,000 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 15.56% | Lot Size | 2.10 AC |
| Sale Condition | Business Value Included | Building Size | 5,000 SF |
| No. Units | 15 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2021 |
| Price | $450,000 |
| Price Per Unit | $30,000 |
| Sale Type | Investment |
| Cap Rate | 15.56% |
| Sale Condition | Business Value Included |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 2.10 AC |
| Building Size | 5,000 SF |
| No. Stories | 1 |
| Year Built | 2021 |
ABOUT 113 MARANDA LN , BLUEFIELD, WV 24701
This 15-space mobile home park in Bluefield, West Virginia presents a solid investment opportunity with immediate income and growth potential. The park currently includes 9 fully occupied park-owned homes generating stable revenue, along with 1 tenant-owned home paying consistent lot rent. Additionally, there are 2 homes on-site that require repair or replacement, and 2 vacant lots ready for infill, offering room for expansion and increased income. The property is connected to city utilities, including public water and sewer, with trash and lawn care services managed by the park. A reliable property manager is in place, compensated at 10% of gross rents, providing hands-off operational support. The park is actively being improved through renovations of existing units and strategic infill efforts, making it a value-add asset with strong upside through continued stabilization and lease-up of remaining spaces.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 14 | - | - |
Presented by
The Parks on East Union LLC
The Parks on East Union | 113 Maranda Ln
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.