Historical Multifamily Sale Listing - Meadowbrook Mobile Home Park

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Meadowbrook Mobile Home Park

2381 State Route 405, Muncy Creek, PA 17756

N/A

84 Spaces | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Spaces:
84
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
8.01%
Gross Rent Multiplier:
7.24
Year Built:
1960
Lot Size:
25 AC
Listing ID
14036053
Last Updated
over 1 year ago

Highlights

  • Very Low Vacancy
  • 80 Homesites, 25 Acres of Land
  • Well Maintained Roads and Common Areas
  • Close to Downtown Muncy

Description

Meadowbrook Mobile home Park is part of the Pittsford Capital portfolio being offered.
The park consists of 84 home sites on 25 acres of land. The park is located approximately 1.5 miles from historic downtown Muncy, PA. Meadowbrook offers paved roads, concrete walkways and patios, and off-street parking. Underground lines provide electrical service, with individual service connections also being underground. The current water system is a drilled well. Sewage disposal is currently provided through an on-site system of septic tanks, there is one septic tank per 2-3 homes. All systems include leach fields beyond the tanks. The local municipality is installing sewers within one year. The tap in fee is $200,000. The cost of building the infrastructure is $200,000, plus an additional $43 per month per home site for sewage processing fees. The mortgage bank holds $200,000 in reserve for construction costs.

The subject property is located on Rural Route #5, Route 405 in the township of Muncy Creek, Pennsylvania, just outside of the town of Muncy

Map of 2381 State Route 405, Muncy Creek, PA 17756 (Lycoming County)

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Created 10/18/2004