Contact Information

Zach Bullock
Fidler’s MHP LLC

Mobile Home Park Details

  • Price: $699,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 7.0% (Actual)
  • Listing ID: 5918609
  • Posted On: Apr 28, 2025
  • Updated On: Apr 28, 2025

Description

Immediate forced appreciation of $250k ready for the next investor. Lot rents are well below market and water/sewer are not yet billed to tenants. An additional $250k of forced appreciation is baked in over the next few years as lot rents are brought to market. 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 recently vacated lots with all utility hookups ready for new homes. The remaining 13 occupied lots are all tenant-owned homes, ensuring a steady income stream with low maintenance and tax expenses. The two currently vacant lots will be infilled over the next couple months. When this happens, the sale price will increase. 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 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.

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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: $59,700
Operating Expense: $10,418
Net Operating Income: $49,282
Expense Ratio: 17.5 %

RV Information

Number of RV Lots: 0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic