Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 11.0%
- Listing ID: 1251200
- Posted On: May 4, 2020
- Updated On: Jul 8, 2020
Description
55+ Older Community, sixty unit park on 16 1/2 acres. New Upgrade Private sewer plant and water facility. 100 percent of rent each month . Five lots with all utilities ready for expansion . No Debt!!
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
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | 55 And Over |
| Number of MH Lots: | 60 |
| Total Occupancy: | 95.0 % |
| Average MH Lot Rent: | $485 |
| Size: | 17 acre(s) |
Financial Information
| Gross Income: | $447,000 |
| Operating Expense: | $120,000 |
| Net Operating Income: | $327,000 |
| Expense Ratio: | 26.8 % |
| Debt Info: | 0 |
Lot Information
| Singlewide Lots: | 55 |
| Doublewide Lots: | 5 |
Utility Information
| Water: | Well |
| Water Paid By: | Park |
| Sewer: | Treatment Plant |
Park-Owned Homes
| Number of Park-owned Homes: | 30 |
| Average Rent for Park-owned Homes: | $850 |
