Mobile Home Community For
For Sale
Contact for pricing
Pending
157 Roy Dr, Ridgeley, WV 26753
Mobile home community with 94 sites across nearly 50 acres and recent upgrades including a new office and road repairs.
Property SizeContact for details
Lot Size50.00 Acres
Days on Market142
Property Features for 157 Roy Dr
General Information
Standard status
Pending
Lot size
50.00 Acres
Property subtype
Mobile Home Park
Occupancy
88%
Additional Details
Multifamily Units
94
Listing Agency:
Newmark - Austin
Listed By:
Braden Weaver · License #TX 688693
Source:
Crexi
Added: Apr 11
Changed: Aug 28
Last Checked: Aug 30 at 3:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark - Austin
Investment Insights
Based on property information with market context.
Moreland MHC is a mobile home community in Ridgeley, West Virginia offering 94 sites spread across nearly 50 acres. The park includes a new office and recent capex, including repairs to internal roads.
Most sites are situated atop a ridge, and the community is positioned about 15 minutes outside of Cumberland, Maryland. The current operating profile includes 88% occupancy on rental homes, indicating steady demand for affordable housing in the area.
The current owner has recently added 10 brand new homes to the community and has been focused on selling those homes. There is also ongoing focus on utility recovery, including repairs to a major leak and updates intended to bring base pass-through levels closer to market levels, with plans to install a reader system to address meter-reading challenges related to cell signal limitations.
Most sites are situated atop a ridge, and the community is positioned about 15 minutes outside of Cumberland, Maryland. The current operating profile includes 88% occupancy on rental homes, indicating steady demand for affordable housing in the area.
The current owner has recently added 10 brand new homes to the community and has been focused on selling those homes. There is also ongoing focus on utility recovery, including repairs to a major leak and updates intended to bring base pass-through levels closer to market levels, with plans to install a reader system to address meter-reading challenges related to cell signal limitations.
Key Highlights
- Moreland MHC is a 94‑site mobile home community on nearly 50 acres in West Virginia’s Potomac Highlands.
- 88% occupancy reported on rental homes, reflecting demand for affordable housing in the area.
- Most sites are on a ridge, providing views of the rolling hills surrounding the community.
Property Analytics
Current Use
Lease Details
94
Residential units
88%
Occupancy
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 26753, WV
5,991
Population
2,689
Households
2.2
Avg Household Size
46
Median Age
29%
College-Educated
97%
High-School Grad
25.8 sq mi
ZIP Area
232
Density / Sq Mi
$76,445
Median Household Income
$48,170
Median Earnings
$880
Median Rent
$214,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Mobile home community with 94 sites across nearly 50 acres and recent upgrades including a new office and road repairs.
Where is this mobile home & rv park located?
The property is located at 157 Roy Dr Ridgeley, WV.
What are key features of this property?
This property features: Moreland MHC is a 94‑site mobile home community on nearly 50 acres in West Virginia’s Potomac Highlands.; 88% occupancy reported on rental homes, reflecting demand for affordable housing in the area.; Most sites are on a ridge, providing views of the rolling hills surrounding the community.
