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134 Eugenes Loop 35 Unit Mobile Home Park $225,000 ($6,429/Unit) 6% Cap Rate Follansbee, WV 26037
EXECUTIVE SUMMARY
35-Unit Mobile Home Park on 4.58 Acres in Follansbee, WV. Park is on city water and sewer with all utilities billed directly to tenants. Tenants also pay their own trash service. Property includes 5 tenant-owned homes (4 paying $225/mo, 1 paying $250/mo; market rent is $300). 11 park-owned homes convey—several need removed, but approximately 6 are good rehab candidates for rental or resale. Park is not in a flood zone and is zoned as a mobile home park. Located just 8.9 miles from the new Form Energy battery plant in Weirton, offering strong future demand for affordable housing. Excellent value-add opportunity with immediate room to raise lot rents and stabilize additional units.
PROPERTY FACTS
| Price | $225,000 | Property Subtype | Manufactured Housing/Mobile Home |
| Price Per Unit | $6,429 | Building Class | C |
| Sale Type | Investment | Lot Size | 4.70 AC |
| Cap Rate | 6% | Building Size | 5,000 SF |
| Sale Condition | Deferred Maintenance | Average Occupancy | 15% |
| No. Units | 35 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1975 |
| Price | $225,000 |
| Price Per Unit | $6,429 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Condition | Deferred Maintenance |
| No. Units | 35 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Building Class | C |
| Lot Size | 4.70 AC |
| Building Size | 5,000 SF |
| Average Occupancy | 15% |
| No. Stories | 1 |
| Year Built | 1975 |
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PROPERTY TAXES
| Parcel Number | 0504C15J00800000 | Improvements Assessment | $8,400 |
| Land Assessment | $17,580 | Total Assessment | $25,980 |
PROPERTY TAXES
Parcel Number
0504C15J00800000
Land Assessment
$17,580
Improvements Assessment
$8,400
Total Assessment
$25,980
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Dixon Builders
134 Eugenes Loop
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