Contact Information

Zach Bullock
Fidler’s MHP LLC

Mobile Home Park Details

  • Price: $710,000
  • Purchase Method: Cash, New Loan
  • Cap Rate: 8.2%
  • Listing ID: 5918609
  • Posted On: May 30, 2024
  • Updated On: Nov 16, 2024

Description

Forced appreciation of $250k-$500k ready for the next investor. Lot rents are well below market and water/sewer can be billed back to tenants to increase cash flow and force sizable appreciation. FIDLER'S MOBILE HOME PARK is being sold to finance a larger project otherwise it would not be on the market. If the park doesn't sell soon it will be pulled from the market and refinanced so act now. The community is located at 0 Fidlers Ct, Pine Grove, PA 17963.​ This 15 lot mobile home park, situated on 4.16 acres has two recently vacated lots with utility hookups ready for new homes. The remaining 13 occupied lots are all tenant-owned homes, ensuring a steady income stream with low maintenance and tax expenses. The current owner will provide a comprehensive list of reliable vendors who service the park to ensure seamless management transition day one.​ Don't miss the chance to own a lucrative piece of real estate with substantial appreciation primed.​ Whether you are an experienced investor or looking to start your investment portfolio, this property offers a unique opportunity to grow your wealth while taking advantage of the overwhelming demand for affordable housing.​ Contact us today for more information including P&L, rent roll, etc.

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

Park Information

Community Type: All Age
Number of MH Lots: 15
Total Occupancy: 93.0 %
Average MH Lot Rent: $383
Size: 4 acre(s)

Financial Information (Actual)

Gross Income: $69,300
Operating Expense: $10,418
Net Operating Income: $58,614
Expense Ratio: 15.0 %

RV Information

Number of RV Lots: 0

Utility Information

Water: Well
Water Paid By: Park
Sewer: Septic

Similar Mobile Home Parks for Sale