The requested property is removed. Here are active Mobile Home Parks for Sale in Hanover, Pennsylvania
Front view of park
Front view of park
Park pictures
Park pictures
Front view of park
Park pictures

Mobile Home Park Details

  • Purchase Method: Cash, New Loan, Assumable Loan
  • Cap Rate: 14.0%
  • Listing ID: 456836
  • Posted On: Jun 26, 2014
  • Updated On: May 1, 2015

Description

Profitable smaller mobile home park with assumable mortgage (20 year @ 5%) or investor secure new loan. Country setting with mature Live Oak trees, yet close to town. Ten mobile units and one apartment all park owned. All units well-maintained. Many stable, long-term tenants. One brand new a/c and several newer units. Many units have new roofs and drain fields. New paint on one exterior unit and two porches. One unit in process of roof-over. Installed garden tub in one unit, new tile floor, carpet and interior paint in several units. 11x11 metal storage shed with a/c and heat and enclosed garage attached to the apartment.

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Park Information

Community Type: All Age
Number of MH Lots: 10
Total Occupancy: 98.0 %
Average MH Lot Rent: $575
Size: 4 acre(s)

Financial Information

Gross Income: $72,000
Operating Expense: $18,620
Net Operating Income: $54,380
Expense Ratio: 25.9 %

RV Information

Number of RV Lots: 0
Average RV Lot Rent: $0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 11
Average Rent for Park-owned Homes: $575