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Bartion Court

Multi Family Housing for Sale in Stroudsburg, Pennsylvania

Bartion Court
Stroudsburg, PA 18360

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Mobile Home Park for Sale

Number of MH Lots: 60
Size: 16.5 acre(s)
Purchase Method: Cash, Seller Financing
Status: Sold
Property ID: 814174
Posted on: May 17, 2017
Updated on: Aug 28, 2018

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

Park Information

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

Amenities and Other

Laundromat: Yes