Forced appreciation of $250k+ ready for the next investor. Lot rents are well below market and water/sewer are not yet billed to tenants. The community is located at 1 Fidler Court, Pine Grove, PA 17963. This 15 lot mobile home park, situated on 4.16 acres has two vacant lots that are currently being infilled with new homes (3 bed, 2 full bath). Infill will be complete in September and leased shortly thereafter. One new unit will be sold by the dealer and the other unit will either remain park-owned or sold for $100k. Any investor under contract will have the option to hold this home, sell prior to closing or sell after closing. If the park-owned home is sold prior to closing, the cost of the park will be reduced by $100k. The remaining 13 lots are all tenant-owned homes, ensuring a steady income stream with low maintenance and tax expense. The current owner will provide a comprehensive list of reliable vendors who service the park to ensure seamless management transition day one. Recent infrastructure and property maintenance in the amount of $15k have been completed in preparation for the sale. Recently installed UV water filters on all three wells. Brand new pressure tanks, new risers and lids on two wells. Septic systems were recently pumped and inspected and both minor recommendations have been addressed. A number of trees have been felled that were within reach of structures and that posed a potential risk. Don’t miss the opportunity to own this lucrative property with substantial appreciation primed. Grow your wealth by taking advantage of the overwhelming demand for affordable housing. Contact us today for more information including P&L, rent roll, etc.
