37-Site Mobile Home
For Sale
Contact for pricing
7601 Old Lovelaceville Rd, Paducah, KY 42001
Manufactured housing community with private wells, lagoon sewer, and two vacant lots for infill.
Property SizeContact for details
Days on Market155
Property Features for 7601 Old Lovelaceville Rd
General Information
Standard status
Active
Class
C
Property subtype
Mobile Home Park
Occupancy
94%
Investment Type
Value Add
Net Operating Income
$141,202
Financials
Asking Price
$1,650,000
Cap Rate
8.56%
Average Monthly Rent
$869
Additional Details
Utilities to Site
Yes
Multifamily Units
12
Building Details
Units
37
Listing Agency:
eXp Commercial
Listed By:
Armand Violi · License #SL3452154
Source:
Crexi
Added: Mar 30
Changed: Aug 30
Last Checked: Aug 30 at 4:58AM
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 eXp Commercial
Investment Insights
Based on property information with market context.
Locust Valley Mobile Estates is a 37-site manufactured housing community at 7601 Old Lovelaceville Rd in Paducah, Kentucky. The property includes 12 park-owned homes and 22 tenant-owned homes, although the reported site and home counts do not fully reconcile. Most park-owned homes have received new roofs, metal underpinning, and HVAC systems. Concrete roads were repaved within the last few years, and the owner holds clear title to all homes.
Water service is provided by two private wells, while wastewater flows to a lagoon sewer system. The park covers all water and sewer expenses. Two vacant lots are available for immediate infill, and the existing well system is reported to have capacity for additional units. Land within the parcel may support approximately 30 additional lots in a potential Phase II expansion.
Water service is provided by two private wells, while wastewater flows to a lagoon sewer system. The park covers all water and sewer expenses. Two vacant lots are available for immediate infill, and the existing well system is reported to have capacity for additional units. Land within the parcel may support approximately 30 additional lots in a potential Phase II expansion.
Key Highlights
- 37‑site manufactured housing community at 7601 Old Lovelaceville Rd, Paducah, KY 42001
- 12 park‑owned homes and 22 tenant‑owned homes
- Two private wells and a lagoon sewer system serve the community
Property Analytics
Current Use
Lease Details
12
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 42001, KY
31,579
Population
14,815
Households
2.1
Avg Household Size
41
Median Age
36%
College-Educated
94%
High-School Grad
74.2 sq mi
ZIP Area
426
Density / Sq Mi
$68,868
Median Household Income
$42,334
Median Earnings
$916
Median Rent
$210,100
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 - Manufactured housing community with private wells, lagoon sewer, and two vacant lots for infill.
Where is this mobile home & rv park located?
The property is located at 7601 Old Lovelaceville Rd Paducah, KY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 37‑site manufactured housing community at 7601 Old Lovelaceville Rd, Paducah, KY 42001; 12 park‑owned homes and 22 tenant‑owned homes; Two private wells and a lagoon sewer system serve the community
