Property Description

55+ Older Community, sixty unit park on 16 1/2 acres. Private sewer and water. Owner financing asking price $2,900,000 with $1,200,000 down financing $1,700,000 paid at 5 percent fixed rate for 13 years. There is a 12.67 percent capt rate

Located behind the Lowe's, 3 miles north of Stroudsburg Pa. In Bartionville Pa.
the roads are owned and maintained by the county in the park.located less than 1 mile from 1-80

Mobile Home Park Details

  • Price:
  • Purchase Method: Cash, Seller Financing
  • Property ID: 814174
  • Posted on May 17, 2017

Amenities

  • Laundromat
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Park Information

Community Type: 55 And Over
Number of MH Lots: 60
Total Occupancy: 95.0 %
Average MH Lot Rent: $465
Size: 16.5 acre(s)

Financial Information

Gross Income $427
Operating Expense $90
Net Operating Income $337
Expense Ratio 21.1 %
Debt Info

Lot Information

Singlewide Lots: 60

Utility Information

Water: Well
Water Paid By: Park
Sewer: Treatment Plant

Park-Owned Homes

Number of Park-owned Homes: 27
Average Rent for Park-owned Homes: $800

Map

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