Mobile Home Park Details
- Cap Rate: 11.3%
- Listing ID: 523018
- Posted On: May 21, 2015
- Updated On: Dec 30, 2021
Description
PINE CREST, is a 167 space mobile home park with 106 spaces currently occupied. Residents are responsible for water, sewer, gas, and electricity; Park pays for trash pickup. The community is on city water and sewer under a master meter with occupied sites individually sub-metered.
Location
Pine Crest is located in Johnstown, PA in Somerset County, off Pine Crest Blvd., just northwest of State Route 4022 (Old Tirehill Rd) near Davidsville. The community is located 26 miles south of Ebensburg and 7 miles south of Johnstown. The community is in close proximity to both State Route 4022 and US 219 and only 75 miles east of Pittsburg.
Johnstown had a colorful history as a booming steel town in the 1800s. Johnstown is home to nearly 22,000 residents and our family-friendly neighborhoods, good schools, and superb quality of life are just a few of the reasons why our residents have chosen this area as their home.
Park Information
| Year Built: | 1970 |
| Size: | 1 acre(s) |
Financial Information
| Gross Income: | $454,874 |
| Operating Expense: | $182,393 |
| Net Operating Income: | $146,985 |
| Expense Ratio: | 40.1 % |
