Establish Park with Room to Expand
Brownsville, KY
Asking price
$725,000
Sites
18
Cap rate
13.20%
Price / site
$40,278
About this property
Description Turnkey, income-producing manufactured housing community with a proven history of stable occupancy in South Central Kentucky. Parkview Mobile Home Park consists of 18 occupied sites (100% occupied), including 9 park-owned homes and 9 tenant-owned homes paying lot rent, providing a balanced income mix with both rental income and lower-maintenance lot rent revenue. Current ownership has maintained the community for approximately five years with only two resident turnovers, demonstrating exceptional tenant stability and consistent cash flow. Utilities are individually metered, with tenants responsible for electric, water, and sewer, keeping owner operating expenses low and contributing to a strong 12.80% in-place cap rate based on the asking price. Located in Brownsville, Kentucky, within the greater Bowling Green growth corridor, the property benefits from one of Kentucky's strongest regional economies. Major employment drivers include the Kentucky Transpark, General Motors Corvette Assembly, The Medical Center, Western Kentucky University, and numerous manufacturing and logistics employers, supporting long-term demand for workforce housing. The property also offers future value-add potential, with room for approximately two additional sites or alternative income-producing improvements (subject to buyer verification and local approvals). Current ownership has maintained stable rental rates, creating an opportunity for future ownership to evaluate market-rate adjustments over time, where appropriate and subject to lease terms and applicable law. This presents the potential to enhance net operating income and improve long-term investment returns while building upon an already stabilized, fully occupied asset.
All details
| Asking price | $725,000 |
|---|---|
| Sites | 18 |
| Price per site | $40,278 |
| Cap rate | 13.20% |
| Year built | 1980 |
| Address | 255 Carder Street |
| First seen | Sep 6, 2026 |
| Last verified | Sep 7, 2026 |
