Mobile Home Park Details

  • Purchase Method: Seller Financing, Assumable Loan
  • Cap Rate: 9.0%
  • Listing ID: 68834
  • Posted On: Apr 14, 2011
  • Updated On: Oct 31, 2011

Description

Well kept Community with plently of space between homes with paved streets and Public utilities. There are 94 Mobile Home sites with 8 of those available for future use. The property also has 118 Self Storage units which were added by the current owner. Many improvements have been made to the park and there are 14 additional acres for future expansion. The property also has 5 acreas of zoned commercial land on which the Self Storage is located, and will allow for some additional self storage units. The owner has just added a phase of self storage and has the commercial land ready for additional development. The community is exceptionally clean and well managed.

Location

Hopwood is next to Uniontown which is located 50 miles south of Pittsburgh, Pennsylvania. National Pike Highway, Route 40 runs through the town and the area is Rustic and Beautiful.

Amenities

  • Storage
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Park Information

Community Type: All Age
Number of MH Lots: 94
Total Occupancy: 87.0 %
Year Built: 1977
Average MH Lot Rent: $221
Size: 41 acre(s)

Financial Information (Actual)

Gross Income: $281
Operating Expense: $75
Net Operating Income: $206
Expense Ratio: 26.7 %
Debt Info: owner

Lot Information

Singlewide Lots: 42
Doublewide Lots: 39

Utility Information

Water: City
Water Paid By: Tenant - Individual Service
Sewer: City

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