2315 Beech St - Manufactured Housing/Mobile Housing FOR SALE


Ashland, KY 41102
$1,100,000 USD
859-396-1331
2315 Beech St, Ashland, KY for Sale
$1,100,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/10
null | 8.91% Cap Rate

2315 Beech St
Ashland, KY 41102


OVERVIEW

Rosebud Mobile Home Park, located in Ashland, Kentucky, presents a 34-unit investment opportunity across 4 acres, comprising 33 mobile home lots and a 2-bedroom single-family home. The park features a mix of tenant owned and park-owned homes, with several vacant units offering significant value-add potential. The property is priced at $1.1 million, with city water and sewage provided via a master meter, and utilities such as electric and gas directly billed to tenants. Renovations, including updated flooring, paint, and fixtures in several units, further enhance the appeal of this investment. Ashland benefits from a diverse economic base driven by growth in healthcare, manufacturing, and logistics sectors. The upcoming development of a $55 million horse racing facility will positively impact the area, creating jobs and attracting additional visitors and residents. With several vacant park owned homes and lots ready for immediate occupancy, Rosebud MHP offers investors the opportunity to improve occupancy rates and optimize rental income. This property provides a compelling entry point into the affordable housing market with strong upside potential for cash flow and long-term appreciation.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$7 USD /SF

# OF UNITS

34

PRICE/UNIT

$32,353

CAP RATE

8.91%

% LEASED

56%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.6 AC

LAND SF

156,867 SF

ZONING

-

APN/PARCEL ID

031-03-07-010.00

ASK ABOUT THIS PROPERTY

Brian LubeckCypress Property GroupMore Info
859-396-1331

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Brian LubeckCypress Property GroupMore Info
859-396-1331

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