134 Eugenes Loop - Manufactured Housing/Mobile Housing FOR SALE


Follansbee, WV 26037
$225,000 USD
423-838-1029
134 Eugenes Loop, Follansbee, WV for Sale
$225,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/8
null | 6% Cap Rate

134 Eugenes Loop
Follansbee, WV 26037


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$225,000 USD

PRICE/SF

$45 USD /SF

# OF UNITS

35

PRICE/UNIT

$6,429

CAP RATE

6%

% LEASED

15%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.7 AC

LAND SF

204,732 SF

ZONING

-

APN/PARCEL ID

0504C15J00800000

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.