12-Space Mobile Home Park - for Sale in Irwin, Pennsylvania
Irwin, PA
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Seller Information
James Smith
Mobile Home Park for Sale |
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| Number of MH Lots: | 12 |
| Size: | 1 acre(s) |
| Cap Rate: | 12.0% |
| Purchase Method: | Cash, Seller Financing, New Loan |
| Status: | Active |
| Property ID: | 19926 |
| Posted on: | Mar 01, 2011 |
| Updated on: | Sep 12, 2011 |
| Price: | $179,000 |
Property Description
Well established Mobile Home Park in North Huntingdon, very desirable location zoned commercial across from sheetz, surrounded by major development Kohls Target Super Walmart, located right off PA turnpike on US 30 on a bus route, convenient to all shopping, accessible by traffic light. 12 trailers(all tenant owned), lot rent at 260 per month, City water/sewer included in rent. Excellent income, experienced property manager is in place. Land alone is assessed at 187,000(1 acre). Park is priced to sell, will make excellent supplemental income. 540-335-5114 Owner financing of up to 135k, cashing out the rest. Huge potential for more income from submetering water and the lot rent has not been increased in several years.
Park Information
| Number of MH Lots: | 12 |
| Total Occupancy: | 100.0% |
| Average MH Lot Rent: | $260 |
| Size: | 1.0 acre(s) |
Financial Information
| Gross Income | $37,440 |
| Net Operating Income | $22,640 |
| Debt Info |
Lot Information
| Singlewide Lots: | 12 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 0 |