Mobile Home Park Details

  • Purchase Method: Cash, Seller Financing, New Loan
  • Cap Rate: 12.0%
  • Listing ID: 19926
  • Posted On: Mar 1, 2011
  • Updated On: Sep 12, 2012

Description

Well established Mobile Home Park in North Huntingdon, very desirable location zoned commercial across from sheetz, surrounded by major development Kohls Target Super Walmart, located right off PA turnpike on US 30 on a bus route, convenient to all shopping, accessible by traffic light. 12 trailers(all tenant owned), lot rent at 260 per month, City water/sewer included in rent. Excellent income, experienced property manager is in place. Land alone is assessed at 187,000(1 acre). Park is priced to sell, will make excellent supplemental income. 540-335-5114 Owner financing of up to 135k, cashing out the rest. Huge potential for more income from submetering water and the lot rent has not been increased in several years.

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Park Information

Community Type: All Age
Number of MH Lots: 12
Total Occupancy: 100.0 %
Average MH Lot Rent: $260
Size: 1 acre(s)

Financial Information

Gross Income: $37,440
Net Operating Income: $22,640

Lot Information

Singlewide Lots: 12

RV Information

Number of RV Lots: 0

Utility Information

Water: City
Water Paid By: Park
Sewer: City