Hello Cash Cow !!
94 spaces - ONLY 1 PARK-OWNED HOME! - rented between $225 & $230 per month plus two Apartments above garage / office rented at $650 a month. Property is set over 39.38 acres in northern Pennsylvania City Electric & Gas - Both Direct-Billed! Water & Sewer are serviced by a treatment plant; W/S/T are included in rent. All-in-all, there is only 1 vacancy making the occupancy 99%!
Sale includes large 2-story barn for equipment storage along with equipment onsite, including a park pick-up truck with a plow and cinder spreader; a John Deere backhoe / loader (old, but works well!); a John Deere Tractor (60” mower) and other miscellaneous tools.
Very stable property with potential to recapture water expenditures. Low Expenses already, at ~20%!
$20 rent increase effective 8/1/2017 will add $22,560 to Annual Net Profit!
There are No Outstanding Loans or Bills Due!
Gross Operating Income $280,999
Purchasing Price: $2,550,000
Price per Pad: $26,563
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