5205 Elaine Dr Charleston, WV 25306

Listing agency Berkshire Hathaway Home Services Professional Real m***@bhhsger.com Show Phone

Listed by Melody Jordan · License #0015315 Show Phone

Source Exprealty

Added: Mar 11 Updated: Jul 22 at 4:53AM Checked: Jul 22 at 4:53AM

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Investment Insights

Based on property information with market context.

This mobile home park includes three occupied mobile homes, with land rental of $225 per month and total gross annual income of $8,100. A fourth mobile home on site is currently abandoned, creating an opportunity to remove it or replace it to support additional rental income. Water and sewer connections are already available, and additional electrical connections can be installed to accommodate more units. The site is configured with four separate parcels, each measuring 50 x 150, providing flexibility for future expansion.

The property is offered for sale at 5205 Elaine Dr in Charleston, WV. Each parcel size supports a straightforward approach to managing the park layout and potential unit expansion based on the available utilities.

With occupied units in place and the utility infrastructure partially set up, the asset is positioned for continued income from existing rentals while leaving room for adjustments related to the abandoned mobile home and future electrical hookups.

Key Highlights

• Mobile home park with 3 occupied mobile homes owned by tenants
• Monthly land rent is $225, totaling $8,100 gross annual income
• Fourth mobile home is currently abandoned, with potential to remove or replace to increase rental income

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FAQs

What type of property is this?

Mobile home & RV park - Mobile home park with three occupied homes and monthly land rent, plus an additional abandoned unit for potential re-rental.

Where is this mobile home & rv park located?

The property is located at 5205 Elaine Dr Charleston, WV.

What is the asking price?

The asking price for this property is $80,000.

What are key features of this property?

This property features: Mobile home park with 3 occupied mobile homes owned by tenants; Monthly land rent is $225, totaling $8,100 gross annual income; Fourth mobile home is currently abandoned, with potential to remove or replace to increase rental income