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Covenant MH Park 1008 Peachtree Lane, Greensburg, PA 15601

Off Market  

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 8.0% (Pro Forma)
  • Listing ID: 802130
  • Posted On: Apr 11, 2017
  • Updated On: Dec 23, 2017

Description

15 MH Lots/4 RV lots with room for expansion
5 acres
All park owned homes
Private Well/Septic system
45 Minutes from Pittsburgh
Close to shopping, schools, parks and hospital.

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Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 46.0 %
Year Built: 1960
Average MH Lot Rent: $525
Size: 5 acre(s)

Financial Information (Pro Forma)

Gross Income: $44,000
Operating Expense: $22,000
Net Operating Income: $22,000
Expense Ratio: 50.0 %

Lot Information

Singlewide Lots: 15
Doublewide Lots: 0
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 4

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 8
Average Rent for Park-owned Homes: $525

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