Historical Multifamily Sale Listing - Lane's Mobile Home Park

Multifamily For Sale

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Lane's Mobile Home Park

5664 Sandy Lake Polk Road, Sandy Lake, PA 16145

N/A

8 Spaces | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Spaces:
8
Property Type:
Multifamily
Property Sub-type:
Mobile Home/ RV Community
Property Use Type:
Investment
Cap Rate:
2%
Gross Rent Multiplier:
4
Lot Size:
4.80 AC
Listing ID
18466835
Last Updated
231 days ago

Description

Illness and old age force immediate sale at discounted price. The Mobile Home Park has tenant owned homes and brings in monthly gross rents of $2,330.00 and monthly expenses of taxes, insurance & utilities of $320.00 . The park sits on almost 5 acres of wooded land and there is room for expansion with 2 vacant spaces and extra land near the road for storage rental units or ??? (shown on aerial photo)There is a well with a new pump in 2013, septic which was just been pumped. I planned to do plantings in the spring, but a health diagnosis changed all plans. Absentee owner, managers on site, mow the grass, plow, and manage upkeep.

The area around the park is surrounded by higher end, well maintained homes and farms. Business and employment nearby.

Sandy Lake is in western Pennsylvania, Mercer County, north of Pittsburgh.

Map of 5664 Sandy Lake Polk Road, Sandy Lake, PA 16145 (Mercer County)

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