Mobile Home Park Details
- Purchase Method: Cash
- Cap Rate: 7.5%
- Listing ID: 664756
- Posted On: May 11, 2016
- Updated On: Jul 13, 2017
Description
Something rare--a portfolio of 6 parks and 390 spaces in Pennsylvania. They range from nice to not as nice. Lots of upside as these parks are lower in occupancy than others in the area. Parks are within approx. 25 miles of Pittsburgh which is doing well economically. Long time owner retiring. Strong opportunity here. Principals only please. This was a portfolio of 8 parks, but owner decided he wasn't quite ready to retire completely.
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Park Information
Community Type: | All Age |
Number of MH Lots: | 390 |
Total Occupancy: | 65.0 % |
Average MH Lot Rent: | $325 |
Financial Information (Actual)
Gross Income: | $1 |
Net Operating Income: | $539 |