Contact Information

Zach Bullock
Fidler’s MHP LLC

Mobile Home Park Details

  • Price: $750,000
  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 7.9%
  • Listing ID: 5918609
  • Posted On: May 30, 2024
  • Updated On: Jul 30, 2024

Description

Introducing an incredible investment opportunity in FIDLER'S MOBILE HOME PARK located at 0 Fidlers Ct, Pine Grove, PA 17963.​ This 15-unit mobile home park, situated on 4.16 acres has two recently vacated lots with utility hookups ready for new units. The remaining 13 occupied units are all tenant-owned homes, ensuring a steady income stream with low maintenance and tax expenses. Lot rents are below market which allow new owners to force sizable appreciation and increase cash flow. Water & sewer may also be billed back to tenants to increase cash flow and force additional appreciation. The current owner will provide a comprehensive list of reliable vendors who service the park to ensure seamless management transition day one.​ Don't miss the chance to own a lucrative piece of real estate with substantial appreciation primed.​ Whether you are an experienced investor or looking to start your investment portfolio, this property offers a unique opportunity to grow your wealth while taking advantage of the overwhelming demand for affordable housing.​ Contact us today for more information including P&L.

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Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 93.0 %
Average MH Lot Rent: $383
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $69,300
Operating Expense: $10,418
Net Operating Income: $58,614
Expense Ratio: 15.0 %

RV Information

Number of RV Lots: 0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

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