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

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