This Multifamily Property is Off-Market.

5664 Sandy Lake Polk Road
Sandy Lake, PA 16145 ·

8 Spaces · Multifamily For Sale

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Lane's Mobile Home Park

Price N/A Property Use Type Investment
No. Spaces 8 Cap Rate 2%
Property Type Multifamily Gross Rent Multiplier 4
Property Sub-type Mobile Home/RV Community Lot Size 4.80 AC
Listing ID: 18466835 Date Created: 11/30/2013 Last Updated: 12/31/2013

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.

Research

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

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