Parks on East Union
Bluefield, WV
Asking price
$500,000
Sites
15
Cap rate
14.00%
Price / site
$33,333
About this property
Description This 15-space mobile home park in Bluefield, West Virginia presents a solid investment opportunity with immediate income and growth potential. The park currently includes 9 fully occupied park-owned homes generating stable revenue, along with 1 tenant-owned home paying consistent lot rent. Additionally, there are 2 homes on-site that require repair or replacement, and 2 vacant lots ready for infill, offering room for expansion and increased income. The property is connected to city utilities, including public water and sewer, with trash and lawn care services managed by the park. A reliable property manager is in place, compensated at 10% of gross rents, providing hands-off operational support. The park is actively being improved through renovations of existing units and strategic infill efforts, making it a value-add asset with strong upside through continued stabilization and lease-up of remaining spaces.
All details
| Asking price | $500,000 |
|---|---|
| Sites | 15 |
| Price per site | $33,333 |
| Cap rate | 14.00% |
| Year built | 2021 |
| Address | 113 Maranda Lane |
| First seen | Sep 6, 2026 |
| Last verified | Sep 7, 2026 |
