Mobile Home Park Details

  • Purchase Method: Cash, New Loan
  • Cap Rate: 11.0%
  • Property ID: 1251200
  • Posted On: May 4, 2020
  • Updated On: Jul 8, 2020

Property Description

55+ Older Community, sixty unit park on 16 1/2 acres. New Upgrade Private sewer plant and water facility. 100 percent of rent each month . Five lots with all utilities ready for expansion . No Debt!!

Located behind the Lowe's, 3 miles north of Stroudsburg Pa. In Bartionville Pa.
The roads are owned and maintained by the county in the park.
Located less than 1 mile from 1-80

Amenities

  • Laundromat
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Park Information

Community Type: 55 And Over
Number of MH Lots: 60
Total Occupancy: 95.0 %
Average MH Lot Rent: $485
Size: 17 acre(s)

Financial Information

Gross Income $447,000
Operating Expense $120,000
Net Operating Income $327,000
Expense Ratio 26.8 %
Debt Info 0

Lot Information

Singlewide Lots: 55
Doublewide Lots: 5

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 30
Average Rent for Park-owned Homes: $850

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