434 TUNNELTON ST TRLR

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434 TUNNELTON ST TRLR

KINGWOOD, WV 26537-1559
Asking Price
$275K
Cap Rate
6.04%
Asset Type
Mobile-home-park
Class
Class B

What's Special

Master Lease Option, Direct Billed City Utilities, Infill Opportunity <ul><li>​<span style="color: rgba(0, 0, 0, 1)">20-site mobile home community in Kingwood, WV, a strong regional market, with 6 occupied homes and 14 vacant sites for infill.</span></li></ul><p></p><ul><li>​<span style="color: rgba(0, 0, 0, 1)">$23K in current income and $6.6K in expenses;utilities are directly billed to residents.Clear value-add: infill remaining sites (4 fullyserviced, 10 with electric in place) and raise rents from $317 to $400</span></li></ul><p></p><ul><li>​Seller has comple

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NOI
$80,000
Cap Rate
29.09%
DSCR
4.90
Strong
Cash-on-Cash
77.18%
Monthly Payment
$1,360.55
Annual Cash Flow
$63,673.401

Location & Travel Times