Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.7%
- Listing ID: 1722004
- Posted On: Jul 28, 2022
- Updated On: Oct 17, 2022
Description
Dominion Mobile Home Village
Pittsburgh MSA
36 Permitted lots + 1 SFH
4.2 Acre MHP site
.83 Acre adjoining Vacant Lot known as 212 Edison Street for sale @ $50K
Public Water
Public Sewer
Natural Gas
Sub metered utilities
1,600 Sq Ft Single Family Home w/2 Car garage ($950 per month)
19 Park Owned Homes (9 rented $550 Per Month, 5 need minor repairs to rent, 4 need major repairs)
2 TOH ($125 per Month)
17 Vacant lots
Current rent roll is $87,000 gross annually
Lots of Upside
Just out of an Estate Sale
Location
Located in the Beautiful Laurel Highlands of Western PA in a quiet part of Uniontown but conveniently located near all the amenities; Home Depot, Lowes, Target, and Walmart all within a 10 minute drive. Frank Lloyd Wright’s Falling Waters and Ohiopyle outdoor activities are only a 30 min drive and Pittsburgh is a 1 hour drive.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 36 |
| Total Occupancy: | 33.0 % |
| Year Built: | 1960 |
| Average MH Lot Rent: | $290 |
| Size: | 4 acre(s) |
Financial Information (Actual)
| Gross Income: | $87,000 |
| Operating Expense: | $32,400 |
| Net Operating Income: | $54,600 |
| Expense Ratio: | 37.2 % |
Lot Information
| Singlewide Lots: | 36 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 19 |
| Average Rent for Park-owned Homes: | $550 |