Fidler Court Mobile Home Park Chapel Dr 15 Unit Mobile Home Park $699,000 ($46,600/Unit) 7.06% Cap Rate Pine Grove, PA 17963

INVESTMENT HIGHLIGHTS

  • Hands off Investment Property.
  • Potential Increase In Park units with Municipality approval.
  • Potential Rent Increases.

EXECUTIVE SUMMARY

Forced appreciation of $250k-$500k ready for the next investor. Lot rents are well below market and water/sewer can be billed back to tenants to increase cash flow and force sizable appreciation. FIDLER'S MOBILE HOME PARK is being sold to finance a larger project otherwise it would not be on the market. If the park doesn't sell soon it will be pulled from the market and refinanced so act now. The community is located at 0 Fidlers Ct, Pine Grove, PA 17963. This 15 lot mobile home park, situated on 4.16 acres has two recently vacated lots with utility hookups ready for new homes. The remaining 13 occupied lots are all tenant-owned homes, ensuring a steady income stream with low maintenance and tax expenses. The current owner will provide a comprehensive list of reliable vendors who service the park to ensure seamless management transition day one. Don't miss the chance to own a lucrative piece of real estate with substantial appreciation primed. Whether you are an experienced investor or looking to start your investment portfolio, this property offers a unique opportunity to grow your wealth while taking advantage of the overwhelming demand for affordable housing. Contact us today for more information including P&L, rent roll, etc.

FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price $699,000
Price Per Unit $46,600
Sale Type Investment
Cap Rate 7.06%
No. Units 15
Property Type Multifamily
Property Subtype Manufactured Housing/Mobile Home
Apartment Style Garden
Building Class C
Lot Size 4.16 AC
Building Size 182,952 SF
Average Occupancy 100%
No. Stories 1
Year Built 1971

PROPERTY TAXES

  • Listing ID: 32705576

  • Date on Market: 8/6/2024

  • Last Updated:

  • Address: Chapel Dr, Pine Grove, PA 17963