Mobile Home Park Details
- Purchase Method: Cash
- Listing ID: 1358092
- Posted On: Nov 19, 2020
- Updated On: Feb 18, 2021
Description
I purchased this park as a part of a larger portfolio. Property has one TOH and 3 abandoned POH. All homes convey with the sale. City water and city sewer. The city charges $39 dollar per month for city hookup on inhabited trailers.
Water is master metered but this can be sub metered by the next owner.
Not making a ton of cash since only one spot is filled but if you can do the work on remodeling used homes this can be a great little money maker. Market rents for rehabbed trailers are $600-700 a month. If you bring in homes and rehab, you can gross over 40K yearly.
No banks or seller financing. This is a cash deal for someone who wants to get into the MHP world without spending a fortune. Learn on something like this before you scale up.
Location
Philipsburg is a quaint blue collar town about 20 minutes west of Penn State University.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 6 |
| Total Occupancy: | 16.0 % |
| Year Built: | 1982 |
| Average MH Lot Rent: | $250 |
| Size: | 2 acre(s) |
Financial Information (Actual)
| Gross Income: | $250 |
| Operating Expense: | $350 |
| Net Operating Income: | -$100 |
| Expense Ratio: | 140.0 % |
Lot Information
| Singlewide Lots: | 6 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
Utility Information
| Water: | City |
| Water Paid By: | Park |
| Sewer: | City |