Contact Information

Mobile Home Park Details

  • Price: $650,000
  • Property ID: 1606084
  • Posted On: Feb 15, 2022
  • Updated On: Mar 9, 2022

Property Description

Listing Broker : Eric Wanck
Contact Eric Wanck : +1-678-932-0200
OSCEOLA MILLS, PA - The MHP Broker is proud to present the opportunity to purchase Mapledale Mobile Home Community. Residing just west of Centre County and State College, PA, this 34-pad park offers an investor an easy turnkey operation with upside potential. The community features all tenant-owned homes with city water and sewer.

Of the 34 permitted lots, 27 are currently occupied paying $240/month, which includes water and sewer charges. Rents have just started to be raised to $260/month for a majority of tenants starting in 2022. Utilities could be submetered to cut down on the water/sewer expense drastically. Roads are gravel, but in overall good condition. A tenant currently handles the day-to-day management and receives free lot rent in lieu of compensation. Three lots are vacant and rent-ready, with the remaining four needing full infrastructure.

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

Park Information

Number of MH Lots: 34
Total Occupancy: 80.0 %
Average MH Lot Rent: $240
Size: 6 acre(s)

Utility Information

Water: City
Sewer: City

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