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    Turnkey Manufactured Housing Community Title is generated by Realmo AI

    255 Carder Street, Brownsville, KY 42210

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    For Sale
    $750,000

    MULTI_FAMILY - Brownsville, KY

    Lot size:
    2.18 Acres
    Added:
    May 14, 2026
    Days on Market:
    22
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for 255 Carder Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Patio and Porch features
    Deck
    Interior features
    Catherdral Ceiling(s), Split Bedroom Floor Plan, Vaulted Ceiling(s), Walk-in Closet(s)
    Exterior features
    Covered Deck, Deck, Exterior Lights, Mature Trees, Outdoor Lighting, Storage Building
    Standard status
    Active
    Lot size
    2.18 Acres

    Building Details

    Year built
    1980
    Number of units
    18
    Roof type
    Shingle, Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Melissa Albert

    Listing agent Melissa Albert License #221423

    Listing office EXP Realty, LLC 2303 Hurstbourne Village Drive Suite 300, Prospect, KY

    Listing date May 14, 2026

    MLS# RA20262816 Listing URL

    Copyright © 2026 REALTOR® Association of Southern Kentucky, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Parkview Mobile Home Park has 18 occupied units with a history of stable occupancy and minimal turnover
    • Includes 9 park‑owned homes and 9 tenant‑owned homes on rented lots for multiple income streams
    • Utilities are individually metered; tenants pay electric, water, and sewer
    • Owner expenses are primarily limited to trash service
    • Expansion potential with space remaining for potentially additional units or storage units
    • Each home features interior details including split bedroom floor plan, vaulted/cathedral ceilings, and walk‑in closets

    Overview

    Parkview Mobile Home Park is a turnkey manufactured housing community in Edmonson County offering 18 occupied units. The community includes 9 park-owned homes and 9 tenant-owned homes, each situated on rented lots. Utilities are individually metered, with tenants responsible for electric, water, and sewer, helping keep day-to-day owner expenses limited primarily to trash service. The property sits on 2.18 acres.

    Located at 255 Carder Street in Brownsville, the park is positioned as a self-contained residential income operation within Edmonson County. The current structure supports stable operations under a tenant-rented lot model, with both owner- and tenant-owned homes contributing to the community’s income mix. The remarks also indicate space remaining that may allow for potential additional units or storage units, subject to how the site is developed.

    For investors and operators seeking a managed manufactured housing community, the combination of occupied units and tenant-paid utility services can simplify operating cost management. The split between park-owned and tenant-owned homes may also appeal to buyers looking for a multi-stream setup within a low-maintenance operational framework. As with any community, prospective purchasers should review the current unit mix and site plan expectations around the remaining space before finalizing plans for additional development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Law Firm Auto Repair Shop Spa & Massage Center Hair Salon Hotel & Motel Gym & Fitness Center Pharmacy Nail Salon Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Edmonson
    State
    Kentucky
    Longitude
    -86.2686185
    Latitude
    37.1874957

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    FAQs

    What type of property is this?
    Mobile home & RV park - Turnkey manufactured housing community with 18 occupied lots and individually metered utilities for tenant-paid services.
    Where is this mobile home & rv park located?
    The property is located at 255 Carder Street Brownsville, KY.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Parkview Mobile Home Park has 18 occupied units with a history of stable occupancy and minimal turnover; Includes 9 park‑owned homes and 9 tenant‑owned homes on rented lots for multiple income streams; Utilities are individually metered; tenants pay electric, water, and sewer
    (270) 799-3695
    We can help!
    Listing Contact
    Melissa Albert
    Real Estate License ID: 221423
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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