Fidler Court Mobile Home Park Chapel Dr 15 Unit Mobile Home Park $850,000 ($56,667/Unit) 8.12% Cap Rate Pine Grove, PA 17963

Forced appreciation of $450k+ ready for the next investor. Lot rents are well below market and water/sewer are not yet billed to tenants. The community is located at 1 Fidler Court, Pine Grove, PA 17963. This 15 lot mobile home park, situated on 4.16 acres has recently been infilled with two brand new homes (3 bed, 2 full bath). These homes will be leased up in the next few weeks at which point the community will be at 100% occupancy. Both new homes are being sold to new tenants and the lot rents are $600/month. The remaining 13 lots are all tenant-owned homes, ensuring a steady income stream with low maintenance and tax expense. The current owner will provide a comprehensive list of reliable vendors who service the park to ensure seamless management transition day one. Recent infrastructure and property maintenance in the amount of $55k have been completed in preparation for the sale. There are recently installed UV water filters on all three wells. There are brand new pressure tanks, new risers and lids on two wells. Septic systems were recently pumped and inspected and both minor recommendations have been addressed. Foundations have been poured and infrastructure relocated to accommodate the infill of two new homes. A number of trees have been felled that were within reach of structures and that posed a potential risk. Don’t miss the opportunity to own this lucrative property with substantial appreciation primed. Grow your wealth by taking advantage of the overwhelming demand for affordable housing. Contact us today for more information including P&L, rent roll, etc.