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.
Park Information
Total Occupancy: | 100.0 % |
Size: | 48 acre(s) |
Financial Information
Net Operating Income: | $622,404 |
Utility Information
Water: | City |
Sewer: | City |