For Sale MHP 79 Spaces in Pennsylvania near Philadelphia

This is a great opportunity to own a 79-space community over 7 acres in southeast Pennsylvania. Mobile Home Park currently occupies 76 of its lots (96.2% Occupied) and boasts itself as an all-tenant-owned park! Lot rent is $490. All utilities (Water, Sewer and Electric) are serviced by the city. Water and Sewer on the property are billed back at a flat rate along with a Meter-Maintenance fee, all amounting to $10 a piece. Electric is Master-Metered.

This includes a convenience store, Country Store, on top of the 79 lots, of which there are only 3 vacancies. The property has the ability to expand an additional 22 spaces and it is estimated the cost will be approximately $3k/pad!

There are 8 homes on contract for sale with the residing tenant.

Financial Summary
Offering Price $3,550,000
Price per Pad $44,937
Net Operating Income (In-Place) $377,017
Net Operating Income (Pro Forma) $387,373
GRM 6.96
Cap Rate (In-Place) 10.62%
Cap Rate (Pro Forma) 10.91%

Net Operating Income 2015- $269,751 2016- $377,017

845-656-4235- Cell or Text

144 Other Mobile Home Parks and RVs for sale lets chat !

Is there a new “forum sponsor” type account that’s allowed to advertise? It’s fine if so but if this is just spamming by a random broker - not cool.