36 Lot Mobile Home Park #2081-IV - for Sale in Saylorsburg, Pennsylvania
Confidential
Saylorsburg, PA 18353
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Sale Price: $1,400,000
Aerial
Seller Information
Brian CoyneMichael Baxter & Associates Commercial Real Estate
Mobile Home Park for Sale |
|
| Number of MH Lots: | 36 |
| Size: | 18.7 acre(s) |
| Cap Rate: | 9.0% |
| Purchase Method: | Cash, New Loan |
| Status: | Active |
| Property ID: | 115239 |
| Posted on: | Feb 15, 2012 |
| Updated on: | Apr 09, 2012 |
| Price: | $1,400,000 |
Property Description
Rare investment opportunity! Mobile home park established in 1972. Currently 35 lots are occupied with strong rental history and potential for expansion.
Listing requires a signed Non-Disclosure Agreement for more information.
Location Description
Country setting but near shopping and major thoroughfares.
Park Information
| Number of MH Lots: | 36 |
| Total Occupancy: | 97.0% |
| Average MH Lot Rent: | $330 |
| Size: | 18.7 acre(s) |
Financial Information (Actual)
| Gross Income | $155,460 |
| Operating Expense | $28,859 |
| Net Operating Income | $126,601 |
| Expense Ratio | 18.6% |
| Debt Info |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 4 |
| Average Rent for Park-owned Homes: | $650 |
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30 Unit MHP #2007-IV For Sale in Stroudsburg, PA $1,000,000 |
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