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 |
