Contact Information

Mobile Home Park Details

  • Price: $60,000
  • Purchase Method: Cash
  • Property ID: 1358092
  • Posted On: Nov 19, 2020
  • Updated On: Nov 19, 2020

Property Description

I purchased this park as a part of a larger portfolio. Property has one TOH and 3 abandoned POH. All homes convey with the sale. City water and city sewer. The city charges $39 dollar per month for city hookup on inhabited trailers.

Water is master metered but this can be sub metered by the next owner.

Not making a ton of cash since only one spot is filled but if you can do the work on remodeling used homes this can be a great little money maker. Market rents for rehabbed trailers are $600-700 a month. If you bring in homes and rehab, you can gross over 40K yearly.

No banks or seller financing. This is a cash deal for someone who wants to get into the MHP world without spending a fortune. Learn on something like this before you scale up.

Location

Philipsburg is a quaint blue collar town about 20 minutes west of Penn State University.

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 6
Total Occupancy: 16.0 %
Year Built: 1982
Average MH Lot Rent: $250
Size: 2 acre(s)

Financial Information (Actual)

Gross Income $250
Operating Expense $350
Net Operating Income -$100
Expense Ratio 140.0 %
Debt Info

Lot Information

Singlewide Lots: 6
Doublewide Lots: 0
Triplewide Lots: 0

Utility Information

Water: City
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 3