1141 Wellman rd - Manufactured Housing/Mobile Housing FOR SALE


Ashville, NY 14710
$446,000 USD
678-932-0200
1141 Wellman rd, Ashville, NY for Sale
$446,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/26
null | Request Cap Rate

1141 Wellman rd
Ashville, NY 14710


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$446,000 USD

PRICE/SF

$15 USD /SF

# OF UNITS

19

PRICE/UNIT

$23,474

CAP RATE

Request Cap Rate

% LEASED

42%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

15.7 AC

LAND SF

683,892 SF

ZONING

R-R

APN/PARCEL ID

062289 418.00-2-9

ASK ABOUT THIS PROPERTY

Vincent CatanzaroThe Mobile Home Park BrokerMore Info
678-932-0200

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Vincent CatanzaroThe Mobile Home Park BrokerMore Info
678-932-0200

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