hydetowncourt west side A 012.jpg
hydetowncourt west side A 012.jpg
hydetowncourt lot  layout.jpg
hydetowncourt lot layout.jpg
Photo of Mobile Home Park
Photo of Mobile Home Park
hydetowncourt west side A 012.jpg
hydetowncourt lot  layout.jpg
Photo of Mobile Home Park

Mobile Home Park Details

  • Purchase Method: Cash
  • Cap Rate: 10.0%
  • Listing ID: 282147
  • Posted On: Mar 1, 2013
  • Updated On: Sep 29, 2014

Description

42 lot Mobile Home Community with 25 lots leased. Property features 2 homes with foundations 1 double wide 24X32 with 4 BRs,1.5 baths and attached office area 8X30. 1 cape cod 3 BR,1 bath home with basement. Separate maintenance building 20X30 and a 20X12 shop & water system area.3 park owned manufactured homes. Land per survey consists of 8.8 acres. Park has 2 wells DEP licensed small community water systems and DEP approved septic systems. Gravel roads, asphalt entrance driveways 21 lots are occupied with homes owned by lessees. Strong demand for leased homes when available. With a source for homes for sale or lease lots would likely fill. All maintenance equipment including truck with snowplow and tractors and mowers to operate the park go with the sale. Located on both sides of State Route 8 just 3 miles north of Titusville, PA.

Location

North Western Pennsylvania
Located on both sides of State Route 8 just 3 miles north of Titusville, PA

Interested in purchasing this mobile home park? Get pre-qualified for a loan.

Park Information

Community Type: All Age
Number of MH Lots: 42
Total Occupancy: 60.0 %
Year Built: 1971
Average MH Lot Rent: $250
Size: 9 acre(s)

Financial Information (Actual)

Gross Income: $97,518
Operating Expense: $64,129
Net Operating Income: $33,388
Expense Ratio: 65.8 %
Debt Info: debt not assumable

Lot Information

Singlewide Lots: 36
Doublewide Lots: 6

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Park-Owned Homes

Number of Park-owned Homes: 5
Average Rent for Park-owned Homes: $548

Similar Mobile Home Parks for Sale