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1141 Wellman rd 19 Unit Mobile Home Park $446,000 ($23,474/Unit) Ashville, NY 14710
EXECUTIVE SUMMARY
Wellman Mobile Home Park is located at 1141 Wellman Road in Ashville, Chautauqua County, NY, just a short drive from the metropolitan areas of Buffalo and Cleveland. The community sits in a desirable rural setting with access to larger markets, making it a prime opportunity for expansion and long-term growth. The park currently features a total of 37 lots, with a mix of tenant-owned homes (15), vacant POHs (4), and 18 vacant lots ready for infill. Utilities include well water, a lagoon sewer system, and electric service to the pump house.
This property is positioned as a true development deal, with significant upside potential. With 18 vacant lots available for immediate fill and 4 POHs ready for rehab, an investor can quickly drive occupancy and cash flow. The existing TOH base provides stability while leaving plenty of room for value creation through improvements and expansions. Current infrastructure provides the foundation for long-term scalability.
This offering represents an excellent infill and turnaround project for a motivated investor. With proper investment into infrastructure, home placement, and community improvements, Wellman MHP has the potential to double or even triple in value. Positioned in a strong regional market with affordable housing demand, this property is ideal for groups looking to build equity and capture significant upside. Priced to sell with owner financing considered, this deal is a rare opportunity to acquire a park with substantial growth potential.
This property is positioned as a true development deal, with significant upside potential. With 18 vacant lots available for immediate fill and 4 POHs ready for rehab, an investor can quickly drive occupancy and cash flow. The existing TOH base provides stability while leaving plenty of room for value creation through improvements and expansions. Current infrastructure provides the foundation for long-term scalability.
This offering represents an excellent infill and turnaround project for a motivated investor. With proper investment into infrastructure, home placement, and community improvements, Wellman MHP has the potential to double or even triple in value. Positioned in a strong regional market with affordable housing demand, this property is ideal for groups looking to build equity and capture significant upside. Priced to sell with owner financing considered, this deal is a rare opportunity to acquire a park with substantial growth potential.
PROPERTY FACTS
| Price | $446,000 | Building Class | C |
| Price Per Unit | $23,474 | Lot Size | 15.70 AC |
| Sale Type | Investment | Building Size | 30,000 SF |
| No. Units | 19 | Average Occupancy | 42% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Manufactured Housing/Mobile Home | Year Built | 1970 |
| Zoning | R-R | ||
| Price | $446,000 |
| Price Per Unit | $23,474 |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 15.70 AC |
| Building Size | 30,000 SF |
| Average Occupancy | 42% |
| No. Stories | 1 |
| Year Built | 1970 |
| Zoning | R-R |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 19 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 062289 418.00-2-9 | Improvements Assessment | $212,400 |
| Land Assessment | $54,800 | Total Assessment | $267,200 |
PROPERTY TAXES
Parcel Number
062289 418.00-2-9
Land Assessment
$54,800
Improvements Assessment
$212,400
Total Assessment
$267,200
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