Current Use by Public Records
- Mobile home & RV parks
Property Details for 115 Mountain Trl
- Property type
- Mobile home & RV parks
Description
This exceptional investment opportunity features a portfolio of three well-maintained mobile home parks in Rupert, West Virginia. Located in Greenbrier County, near I-64 and the Virginia state line, this portfolio comprises 32 lots across three parks: Mountain Trail (13 lots, 1.21 acres), Crawford Lane (12 lots, 9.56 acres, including a single-family home), and Midtown (7 lots, 0.5 acres). A total of 25 park-owned homes and 6 vacant lots offer immediate income and significant upside potential. All parks are connected to city water and sewer. Current lot rents average $250 per month, presenting an opportunity to increase rents to market rates. The portfolio's high occupancy rate (over 81%) and prime location in a desirable area contribute to its strong investment potential. The asking price is $825,000, reflecting a compelling 8.25% capitalization rate. This portfolio offers a rare chance to acquire a well-established, cash-flowing asset with substantial room for growth.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rupert
- County
- Greenbrier
- State
- West Virginia
- Longitude
- -80.6714
- Latitude
- 37.9804
