94-Unit, Stable with Significant Upside Manufactured Home Community
The Esterson MHC Team is excited to present Ernie’s Manufactured Home Community, a 94-unit manufactured home community located in the growing Huntington – Ashland MSA. This well-maintained community presents significant upside potential. Proctorville is part of the Huntington-Ashland MSA, which has a large population of 367,192 and continues to grow steadily. Strategically positioned, Proctorville benefits from its proximity to Huntington, WV, and Columbus, OH, making it an attractive market for future development initiatives.
Ernie’s Manufactured Home Community features 94 active MH lots, including 66 tenant-owned homes (TOH), 6 rented park owned homes (POH), 8 rent to own units (RTO), 9 vacant POH, 1 vacant office, 1 abandoned home and 3 vacant lots. The average lot rental rate is $312 per month, the average POH rent above lot rent is $300 and the average RTO rent above lot rent is $554.
The community operates on public water and public sewer systems. Water and sewer are billed back to tenants. Curbside trash service is also billed back to the tenants. Private roads are paved and are in average to below average condition. The park is not in a flood zone.
We are asking investors to submit offers at $2,850,000. All offers must include pricing, inspection period, funding source and appropriate diligence timelines.
Broker Info:
Michael Glass – Marcus & Millichap
230 West St, Ste 100, Columbus, OH 43215
Lic #: 2007005898
(614) 360-9800
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