Current Use by Public Records
- Mobile home & RV parks
Property Details for 0 Camp Conley Rd
- Lot size
- 2.60 lot acres
- Property type
- Mobile home & RV parks
Description
This 22-unit mobile home park in Point Pleasant, West Virginia, presents a compelling investment opportunity. Situated on 2.6 acres, the park features mostly tenant-owned homes, offering significant potential for future rent increases and NOI growth. Four vacant lots and three park-owned homes (one abandoned) provide additional development possibilities. City utilities, including sewer lines maintained by the city, simplify operations and reduce expenses. Current rent is expected to increase to $235 in September 2024. The property manager currently resides on-site and intends to remain after the sale. Seller financing may be available. The property is conveniently located on Camp Conley Rd, Point Pleasant, WV 25550. Prospective buyers are asked to refrain from visiting the property unannounced; scheduled visits can be arranged. This is a high-margin property with significant upside potential for investors seeking a stable, cash-flowing asset in a growing market. Please note that direct contact with residents on the property is strictly prohibited.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Point Pleasant
- County
- Mason
- State
- West Virginia
- Longitude
- -82.0981
- Latitude
- 38.9022
