Mobile Home Park Details

  • Cap Rate: 3.1%
  • Listing ID: 1472448
  • Posted On: Jul 7, 2021
  • Updated On: Nov 30, 2021

Description

https://estersonmhcteam.​com/property/shadow-stone-mhc

The Esterson MHC Team is pleased to present Shadow Stone Village, an institutional quality, 55+ manufactured housing community nestled in the countryside of Palmyra, PA.​ This offering presents a rare opportunity to acquire a trophy asset that is 100% occupied, with 20 additional lots that have been preliminarily approved by the municipality for expansion.​ The property provides its tenants with numerous amenities, including a community center, library, gym, etc.​, and is conveniently located near supermarkets, restaurants, shopping malls, banks and golf courses.​

Shadow Stone Village consists of 188 lots, which are primarily double-wides and all tenant-owned homes.​ The community’s water, sewer, trash and electricity are all publicly serviced and billed directly to the tenants.​

We are asking that investors submit offers at or above $20,000,000.​ Given the quality of the asset and expansion potential, Shadow Stone Village should qualify for nonrecourse, agency financing.​

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Total Occupancy: 100.0 %
Size: 48 acre(s)

Financial Information

Net Operating Income: $622,404

Utility Information

Water: City
Sewer: City

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