2315 Beech St 34 Unit Mobile Home Park $1,347,063 CAD ($39,619 CAD/Unit) 10.16% Cap Rate Ashland, KY 41102

Rosebud Mobile Home Park, located in Ashland, Kentucky, presents a 34-unit investment opportunity across 4 acres, comprising 33 mobile home lots and a 2-bedroom single-family home. The park features a mix of tenant owned and park-owned homes, with several vacant units offering significant value-add potential. The property is priced at $1.1 million, with city water and sewage provided via a master meter, and utilities such as electric and gas directly billed to tenants. Renovations, including updated flooring, paint, and fixtures in several units, further enhance the appeal of this investment.
Ashland benefits from a diverse economic base driven by growth in healthcare, manufacturing, and logistics sectors. The upcoming development of a $55 million horse racing facility will positively impact the area, creating jobs and attracting additional visitors and residents. With several vacant park owned homes and lots ready for immediate occupancy, Rosebud MHP offers investors the opportunity to improve occupancy rates and optimize rental income. This property provides a compelling entry point into the affordable housing market with strong upside potential for cash flow and long-term appreciation.