16 unit mobile home & RV park for sale in Mason, West Virginia

[Greg Giacoma]

I'm looking to assign (wholesale) a MH/RV Park for sale in Mason, WV. 

Email me for the offering memo and other details: [email protected]

Below are basic details:

Mason, West Virginia (On the OH & WV border)

Asking Price: $228,000

Direct to seller assignment of contract

Basic info:

+11/16 lots Occupied (11MH/5RV)

+1 TOH / 7 POH

+3 Long-term RV tenants (12 months+)

+$150 MH Lots Rent (Market rent $250+)

+$375-$400 RV Lot Rent (Market $500+)

+POH rent: $485 Average

+POH ages: 70’s,90’s, 2000’s 

+3 Vacant mobile home lots

+2 Vacant RV Lots

+Utilities: City water / sewer (sub metered) 

+Roads: Grave; (good condition)

+Mason County MSA: 25,000+
*Financials are very back of the napkin. I have some bills such as utilities. Due to the lack of dd docs, we’re assuming a 40% expense ratio*

+2022 Gross Income: $50,520+2022 Expenses: $20,238 (estimate)+2022 Net: $30,212 (estimate)

Email me for more information: [email protected]

END 

Thanks, 

Greg Giacoma

303-921-1736