Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 7.5%
- Listing ID: 3568421
- Posted On: Aug 23, 2023
- Updated On: Oct 10, 2023
Description
Near Large Pittsburgh Metro!
70 Total Sites
Vacant Lots: 11
Resident Owned Homes: 56
Park Owned Homes: 3 (1 of which is vacant ready to rent)
Resident Home AVG: $265
Rental Home AVG: $465
Newly Paved Roads
Office Building
Treatment Plant has 30+ years life expectancy
Location
Located 30 minute drive outside Pittsburgh.
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Park Information
| Community Type: | All Age |
| Number of MH Lots: | 70 |
| Total Occupancy: | 85.0 % |
| Year Built: | 1969 |
| Average MH Lot Rent: | $265 |
| Size: | 29 acre(s) |
Financial Information (Actual)
| Gross Income: | $202,738 |
| Operating Expense: | $75,954 |
| Net Operating Income: | $126,784 |
| Expense Ratio: | 37.5 % |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Submetered |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 3 |
| Average Rent for Park-owned Homes: | $465 |
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