Contact Information

Mobile Home Park Details

  • Price: $3,620,000
  • Cap Rate: 6.0%
  • Property ID: 1378417
  • Posted On: Jan 12, 2021
  • Updated On: Jan 12, 2021

Property Description

Marcus & Millichap is pleased to present the opportunity to acquire Wedgewood MHC located in Selinsgrove, PA. The community contains 77 sites situated on 19.16 Acres. Wedgewood MHC is currently 91 percent occupied with only one POH. The community has the luxury of having both public water and sewer, with the water being directly billed to the tenants. Sewer is not submetered, rather the municipality bills the seller a flat rate charge, per user, quarterly and then the seller bills the tenant the same flat rate.

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Park Information

Community Type: All Age
Number of MH Lots: 77
Total Occupancy: 91.0 %
Year Built: 1980
Average MH Lot Rent: $335
Size: 19 acre(s)

Financial Information (Pro Forma)

Gross Income $315,221
Operating Expense $99,094
Net Operating Income $216,127
Expense Ratio 31.4 %
Debt Info $2,175,000 Fannie

Lot Information

Singlewide Lots: 77

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 1

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