Dick Stevenson MHP - for Sale in Greensburg, Pennsylvania
104 Meadowlark Lane
Greensburg, PA 15601
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Mobile Home Park for Sale |
|
| Number of MH Lots: | 29 |
| Size: | 6 acre(s) |
| Cap Rate: | 15.0% |
| Purchase Method: | Cash, Seller Financing |
| Status: | Active |
| Property ID: | 105963 |
| Posted on: | Sep 24, 2011 |
| Updated on: | Mar 29, 2012 |
Property Description
Three houses, separate 2.5 car garage, three sheds, 29 pads, 19 currently occupied and rented. 6+ acres to expand.
Three park owned trailers, one under contract to be sold.
2 miles from Greensburg, close to Bypass and PA Turnpike, State Routes 22 & 30
Houses rent for $400, $600 and $700/month
Most of the trailers are older so as they become vacant they are being torn down to allow for enlarging the lots.
Potential income over 100,000 per month
Park Information
| Number of MH Lots: | 29 |
| Total Occupancy: | 35.0% |
| Average MH Lot Rent: | $215 |
| Size: | 6.0 acre(s) |
Financial Information
| Gross Income | $73,000 |
| Operating Expense | $14,100 |
| Net Operating Income | $59,000 |
| Expense Ratio | 19.3% |
| Debt Info |
Lot Information
| Singlewide Lots: | 29 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $400 |
Amenities and Other
| Storage: | Yes |