Photo of Mobile Home Park
Photo of Land Lease Community
Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 15.0%
- Listing ID: 105963
- Posted On: Sep 24, 2011
- Updated On: Mar 29, 2012
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
Amenities
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 29 |
| Total Occupancy: | 35.0 % |
| Average MH Lot Rent: | $215 |
| Size: | 6 acre(s) |
Financial Information
| Gross Income: | $73,000 |
| Operating Expense: | $14,100 |
| Net Operating Income: | $59,000 |
| Expense Ratio: | 19.3 % |
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 |