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Pleasantview Mobile Home Park 1389 Indian Creek Valley Road, Melcroft, PA 15462

Off Market  

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Mobile Home Park Details

  • Cap Rate: 10.0% (Pro Forma)
  • 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

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