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Mobile Home Park Details

  • Price: $1,100,000
  • Listing ID: 6534434
  • Posted On: Jul 9, 2024
  • Updated On: Jul 16, 2024

Description

Woodcrest Manor Park
Glen Rock, PA
Lots: Total of Twelve (12) lots spanning 1659-1721 Wood Crest Lane
Acreage: +/- 4.26 Acres
Buildings: Eleven (11) lots owned and One (1) lot owned by occupant
Construction: Manufactured Homes
Zoning: A (Residential)
Ownership : Mobile Home Park under Condominium Association
Real Estate Taxes: $8,076
Lots Sold as Condominium Association
1 lot owned by trailer owner—$150 per month in rent
11 lots owned fee simple—$400 per month in rent
$54,600 per year gross rent - $8,076 real estate taxes
NOI: $46,524

Summerset Woods Park
Stewartstown, PA

Lots: Total of Ten (10) Lots on Blue Jay Lane
Acreage: 11.274 Acres (includes 5.3 acres of common area)
Buildings: Eight (8) lots owned by Sellers and Two (2) owned by occupants
Construction: Manufactured Homes
Zoning: A (Residential)
Ownership : Mobile Home Park under Condominium Association
2 lots owned by trailer owners—$150 per month = $300 per month in rent
8 lots owned fee simple - $400 per month = $3,200 per month in rent
$42,000 per year—$5,164 real estate taxes
NOI: $36,836

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Park Information

Community Type: All Age
Total Occupancy: 100.0 %
Size: 15 acre(s)

Financial Information

Gross Income: $96,600
Operating Expense: $13,240
Net Operating Income: $83,360
Expense Ratio: 13.7 %

Lot Information

Singlewide Lots: 22

Utility Information

Water: Well
Water Paid By: Tenant - Submetered
Sewer: Septic

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