14201 Winchester Rd SW - Manufactured Housing/Mobile Housing FOR SALE


Cumberland, MD 21502
$1,900,000 USD
512-637-1221
14201 Winchester Rd SW, Cumberland, MD for Sale
$1,900,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/4
null | Request Cap Rate

14201 Winchester Rd SW
Cumberland, MD 21502


OVERVIEW

Tradewinds MHC is an all-age, 30-site community serviced by public utilities. Boasting a strong economic occupancy of 93%, it is ideally located in Allegany County, MD with a population of over 67,000 people. – Value-add potential to increase rents over time to boost revenue. The current Owner raised lot rents by approximately $30 in April 2025, which resulted in revenue growth with a minimal impact on occupancy. Increasing lot rents by $50 could add $18,000 in additional lot rental revenue for the next owner. Based on the local demographics (see page 4), we believe this rent raise could be fully supported. – Owner of Tradewinds MHC has a right of first refusal to purchase adjacent community that would bring the total site count to 56 lots (if interested, please inquire). – The offering includes five park-owned and five rentto- own homes, of which all are currently occupied either as pure rentals or rent-to-own paying an average home payment of $813 per month. There is further opportunity for a new owner to convert the park-owned homes into tenant-owned homes. – The community boasts a well-designed and attractive layout with off-street parking and paved roads. Current ownership has spent around $25,000 on recent capital improvements, including road repairs (re-paving, speed bumps, and new asphalt) for $20,000 and another $5,000 for six new electric meters. – Strong demographics in the immediate area. Within a five-mile radius of the community, the average household income is $82,492 with average home values at $235,285. This typically suggests that market rents can be north of $500.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

30

PRICE/UNIT

$63,333

CAP RATE

Request Cap Rate

% LEASED

93%

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

6.54 AC

LAND SF

284,882 SF

ZONING

-

APN/PARCEL ID

29-014507

ASK ABOUT THIS PROPERTY

Braden WeaverNewmarkMore Info
512-637-1221

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Braden WeaverNewmarkMore Info
512-637-1221

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