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Heritage Heights Mobile Home Park 305 Carter Ave

41 Unit Mobile Home Park £1,174,262 (£28,641/Unit) Crab Orchard, WV 25827

Investment Highlights

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

Executive Summary

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.

Data Room Click Here to Access

Property Facts

Price £1,174,262 Property Subtype
Manufactured Housing/Mobile Home
  • Apartment Buildings
Price Per Unit £28,641 Lot Size 10.17 AC
Sale Type Investment Building Size 41,000 SF
No. Units 41 Number of Floors 1
Property Type Residential Year Built 1990
Price £1,174,262
Price Per Unit £28,641
Sale Type Investment
No. Units 41
Property Type Residential
Property Subtype
Manufactured Housing/Mobile Home
  • Apartment Buildings
Lot Size 10.17 AC
Building Size 41,000 SF
Number of Floors 1
Year Built 1990

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305 Carter Ave, Crab Orchard, WV - aerial map view

PROPERTY TAXES

Parcel Number 11-34-00740000 Improvements Assessment £91,541
Land Assessment £141,900 Total Assessment £233,440

PROPERTY TAXES

Parcel Number
11-34-00740000
Land Assessment
£141,900
Improvements Assessment
£91,541
Total Assessment
£233,440

zoning

Zoning Code UZ (Unzoned)
UZ (Unzoned)
(864) 414-8347

  • Listing ID: 32566029

  • Date on Market: 24/07/2024

  • Last Updated:

  • Address: 305 Carter Ave, Crab Orchard, WV 25827

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305 Carter Ave, Crab Orchard, WV for sale Aerial- Image 1 of 8
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305 Carter Ave, Crab Orchard, WV for sale Building Photo- Image 3 of 8
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305 Carter Ave, Crab Orchard, WV for sale Building Photo- Image 4 of 8
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305 Carter Ave, Crab Orchard, WV for sale Building Photo- Image 6 of 8
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© 2024 CoStar Group

Heritage Heights Mobile Home Park | 305 Carter Ave
(864) 414-8347 x

Heritage Heights Mobile Home Park | 305 Carter Ave

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Henry Walker

(864) 414-8347

(864) 414-8347

William Walker

(864) 630-4018

(864) 630-4018

Taylor Kirk

(803) 726-7988

(803) 726-7988

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