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Mobile Home Park Details

  • Price: $1,750,000
  • Cap Rate: 7.7% (Actual)
  • Listing ID: 6818162
  • Posted On: Feb 4, 2025
  • Updated On: Feb 6, 2025

Description

Sands Investment Group is Pleased to Exclusively Offer For Sale the Rocky Ridge Village MHP Located at 156 Maple Grove Cir in Franklin, PA. This Deal Includes a 42 Total Lots With 39 Mobile Homes - 21 Park Owned / RTO, 17 Tenant Owned, 4 Vacant Lots; @ Market Levels Rent Cap Rate Would Be Around 14%, Providing For a Secured Investment.

PROPERTY HIGHLIGHTS:
• 42 Total Lots With 39 Mobile Homes - 21 Park Owned / RTO, 17 Tenant Owned, 4 Vacant Lots; @ Market Levels Rent Cap Rate Would Be Around 14%
• Private Well/Septic; Underground Utilities Individually Metered Electric (Direct Billed), Water/Garbage/Sewage Included in Rent; Township Maintains Roads and Provides Snow Removal
• 30'x 42' Maintenance Building Containing Water Treatment Plant
• Additional 16 AC Parcel With a 24'x 48' Pole Barn and Sewage Treatment Plant
• Sewer & Water Provided By the Park For 14 Homes (Outside of Park) Providing Additional Revenue of $1,400/MO
• Eight 1/4-1/2 AC Residential Parcels Included in Sale Totaling 32.81 AC

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Park Information

Number of MH Lots: 42
Total Occupancy: 93.0 %
Size: 33 acre(s)

Financial Information (Actual)

Gross Income: $205,740
Operating Expense: $71,083
Net Operating Income: $134,656
Expense Ratio: 34.5 %

Lot Information

Singlewide Lots: 39

Utility Information

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

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