Mobile Home Park Details
- Purchase Method: Cash, Seller Financing
- Cap Rate: 11.6%
- Listing ID: 242172
- Posted On: Apr 2, 2014
- Updated On: Mar 28, 2017
Description
55+ Older Community, sixty unit park on 16 1/2 acres. Private sewer and water. Owner financing :$2,900,000: $ 800,000 down with $100,000 in 5 years 'w' interest $2,000,000 paid at 5 percent fixed rate for 17 years , $175,000 paid each year at $14,575 per month . There is a 11.6 percent capt rate and 20 percent on your down money.
Located behind the Lowe's, 3 miles north of Stroudsburg Pa. In Bartionville Pa.
the roads are owned and maintained by the county in the park.located less than 1 mile from 1-80
Amenities
- Laundromat
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
Community Type: | 55 And Over |
Number of MH Lots: | 60 |
Total Occupancy: | 95.0 % |
Average MH Lot Rent: | $455 |
Size: | 17 acre(s) |
Financial Information
Gross Income: | $427 |
Operating Expense: | $90 |
Net Operating Income: | $337 |
Expense Ratio: | 21.1 % |
Lot Information
Singlewide Lots: | 60 |
Utility Information
Water: | Well |
Water Paid By: | Park |
Sewer: | Treatment Plant |
Park-Owned Homes
Number of Park-owned Homes: | 27 |
Average Rent for Park-owned Homes: | $800 |