Mobile Home Park Details
- Cap Rate: 10.0%
- Listing ID: 1379902
- Posted On: Jan 15, 2021
- Updated On: Apr 14, 2021
Description
36 existing lot mobile home park near seven springs ski resort in the Laurel Highland of PA. Existing park is on bottom 8 acres and there is still 20 more acres you could build on to. Public Laundromat is included in purchase price. Manager is on site and it is turnkey but needs an investment in more lots and homes which I cannot make.
Location
Melcroft PA
Amenities
- Laundromat
- Storage
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 36 |
| Total Occupancy: | 80.0 % |
| Year Built: | 1970 |
| Average MH Lot Rent: | $250 |
| Size: | 28 acre(s) |
Financial Information (Pro Forma)
| Gross Income: | $96,000 |
| Operating Expense: | $48,000 |
| Net Operating Income: | $48,000 |
| Expense Ratio: | 50.0 % |
| Debt Info: | none |
Lot Information
| Singlewide Lots: | 36 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | Septic |
Park-Owned Homes
| Number of Park-owned Homes: | 10 |
| Average Rent for Park-owned Homes: | $250 |
