Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 12.7%
- Listing ID: 16037
- Posted On: Sep 2, 2010
- Updated On: Oct 19, 2010
Description
26 Unit mobile home park with 9 acres, room for expansion. Park has city sewer, and a newly installed D.E.P. water system. Most tenants are long term. Paved streets and new street lights. Has a newer maintenance building. Nice quiet setting.
Location
Located in Harmonsburg, PA, which is next to Conneaut Lake, PA.. Approximately 2 miles from Conneaut Lake Park,
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 26 |
| Total Occupancy: | 96.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $255 |
| Size: | 9 acre(s) |
Financial Information (Actual)
| Gross Income: | $79,000 |
| Operating Expense: | $28,000 |
| Net Operating Income: | $50,000 |
| Expense Ratio: | 35.4 % |
Lot Information
| Singlewide Lots: | 25 |
| Doublewide Lots: | 1 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | City |