Opening up this park under contract to the right partner(s).
20 pad MHP/RVP with low expenses and a value add play in Preston County WV.
Contract price: $245,000 -> $12,250/lot
All city utilities, direct billed
RV zoning allowance in place
3000 sq ft building on site. Potential storage, laundromat, etc.
30% occupied, 4 lots ready for infill.
10 lots need new utilities. Local contractors identified.
Stabilized value projected at $650-750K
This project comes with boots on the ground operator, me! I jumped into the steel when I saw a challenge within striking distance of my home. Got this under contract and now am looking to JV with an experienced investor/developer to take this project to its intended glory.
This development is not a one-off for me. I have identified other properties that can be developed into tiny home/affordable communities. This is just the beginning!