Contact Information
Maxwell Baker

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.
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 |