1 Meadowbrook Acres - Multi-Family FOR SALE


Parkersburg, WV 26101
$964,000 USD
423-838-1029
1 Meadowbrook Acres, Parkersburg, WV for Sale
$964,000 USD
Multi-Family - FOR SALE
1/8
null | 7% Cap Rate

1 Meadowbrook Acres
Parkersburg, WV 26101


OVERVIEW

90 Lot mobile home park located in Parkersburg WV, currently there are 30 occupied tenant owned homes, and 5 vacant park owned homes. Park operates on city water and sewer which are directly billed to the tenants. Current lot rent is 250/month, market lot rent is 350/month. The park that is right next door is 350/month lot rent, and is fully occupied. Park is located in a 100 year flood plain, however there hasn’t been any issues for the past 30 plus years, the city has upgraded the flood way which has majorly reduced the risk of flooding. Park is well laid out with asphalt roads. No owner financing offered. Park is properly zone to be a mobile home park.

FOR SALE DETAILS

PRICE

$964,000 USD

PRICE/SF

$964 USD /SF

# OF UNITS

90

PRICE/UNIT

$10,711

CAP RATE

7%

% LEASED

30%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Zach DixonDixon BuildersMore Info
423-838-1029

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Zach DixonDixon BuildersMore Info
423-838-1029

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