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Victoria Estates Mobile Home Park 10985 Brittany Dr., Harmonsburg, PA 16316

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Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 12.7% (Actual)
  • Listing ID: 16037
  • Posted On: Sep 2, 2010
  • Updated On: Oct 19, 2010

Description

26 Unit mobile home park with 9 acres, room for expansion. Park has city sewer, and a newly installed D.E.P. water system. Most tenants are long term. Paved streets and new street lights. Has a newer maintenance building. Nice quiet setting.

Location

Located in Harmonsburg, PA, which is next to Conneaut Lake, PA.. Approximately 2 miles from Conneaut Lake Park,

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Park Information

Community Type: All Age
Number of MH Lots: 26
Total Occupancy: 96.0 %
Year Built: 1970
Average MH Lot Rent: $255
Size: 9 acre(s)

Financial Information (Actual)

Gross Income: $79,000
Operating Expense: $28,000
Net Operating Income: $50,000
Expense Ratio: 35.4 %

Lot Information

Singlewide Lots: 25
Doublewide Lots: 1
Triplewide Lots: 0
Park Model Lots: 0

RV Information

Number of RV Lots: 0

Utility Information

Water: Well
Water Paid By: Park
Sewer: City

Park-Owned Homes

Number of Park-owned Homes: 0

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