Confidential Northeastern Mobile Home Park
Unpriced
22
Total Lots
Confidential
State
RB068057
BOR Number
Active
Status
About This Property
The property is currently 18 occupied, with 4 vacant sites that already have hookups in place, providing a clear opportunity for a new owner to increase income through infill.
Current lot rent is $450/month, with tenants also paying a $25/month sewer fee. Water is billed back to residents, helping offset utility expenses. The community is serviced by private utilities, including well water and a wastewater treatment plant.
Offered at $600,000, Perry Lake Estates offers attractive in-place cash flow, an approximate 11% cap rate based on $65k NOI, and upside through lease-up of the remaining vacant sites.
Investment Highlights
- 22 total sites
- 18 occupied | 4 vacant sites
- All tenant-owned homes
- $450/month lot rent
- $25/month sewer fee
- Water billed back to tenants
- Private utilities: well water and WWTP
- NOI of $65,000
- Offered at $600,000 / 11% cap rate (Seller will not consider seller-financed offers.)
Contact the listing broker for a full offering memorandum, financials, and due diligence package.
Jennifer Stein, Broker
JDS Real Estate Services, Inc.
PA LIC #RB068057
