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
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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